Prudential Financial Inc. (PRU) was one of the best performers amongst all companies listed in the financial sector on the NYSE and NASDAQ exchanges during trading on September 12, climbing 1.11% to wrap the day at $102.82 after closing the day prior at $101.69. Throughout the trading session, shares of PRU rose as high as $103.05 and dipped as low as $101.89. Today’s advance came with about 2.06 million shares changing hands, compared to an average 30-day volume of 1.79 million for Prudential Financial Inc.. The price is currently below the 30-day volume weighted average price of $102.73 for PRU.
The share appreciation today gives the company a market capitalization of $43.42 billion based upon 427.0 million shares outstanding. It also means that PRU has a price-to-book ratio of 0.9:1.
In the past 52 weeks, shares of PRU have traded as low as $76.62 and as high as $115.26. Technical traders will take note that at $102.82, shares of PRU are trading below their 200-day MA at $104.85 and below their 50-day MA at $107.87. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is PRU?
Prudential Financial Inc offers annuities, life insurance, retirement plan services, and asset management products to individual and institutional customers in the United States, Asia, Europe and Latin America. The company’s 49739 employees are led by CEO John R. Strangfeld from the corporate headquarters at 751 Broad Street in Newark, NJ.
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