Prudential Financial (PRU) : The short interest in Prudential Financial (PRU) has increased from 5,187,577 to 5,603,543 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,809,660 shares are traded daily in the stock and only 2 days are left for the shorts to cover. The short open interest is 1.3% of the total shares in the hands of the public. The shorts in the stock have gone up by 415,966 shares, which is an increase of 8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Prudential Financial (NYSE:PRU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.72 and $76.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.71, notching a gain of 0.33% for the day. The total traded volume was 1,231,236 . The stock had closed at $76.46 on the previous day.
In a related news,The officer (EVP and CFO) of Prudential Financial Inc, Falzon Robert sold 33,820 shares at $77.13 on August 8, 2016. The Insider selling transaction had a total value worth of $2,608,537. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Prudential Financial, Inc. is a financial services company. The Company, through its subsidiaries and affiliates, provides a arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions, containing six segments, and the Companys corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance. The Companys investment portfolio consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities and other invested assets.