Prudential (PRU) Offering Possible 19.76% Return Over the Next 16 Calendar Days

Prudential's most recent trend suggests a bearish bias. One trading opportunity on Prudential is a Bear Call Spread using a strike $115.00 short call and a strike $125.00 long call offers a potential 19.76% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $8.35 would be incurred if the stock rose above the $125.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Prudential is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Prudential is bearish.

The RSI indicator is at 34.49 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Prudential

PGIM Closed-End Funds declare distributions for March, April and May 2022
Mon, 28 Feb 2022 21:15:00 +0000
NEWARK, N.J., February 28, 2022–PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for March, April and May 2022. The distribution amounts and schedule for each fund appears below:

Prudential Financial (PRU) Up 27.3% in a Year: More Room to Run?
Mon, 28 Feb 2022 15:33:03 +0000
Prudential Financial (PRU) stock soars on the back of higher variable investment income, cost savings initiatives and effective capital deployment.

Timber Operators Council Retirement Plan entrusts Prudential to fulfill $245 million in pension promises to 3,000 retirees and deferred participants
Wed, 23 Feb 2022 15:00:00 +0000
NEWARK, N.J., February 23, 2022–Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, by which Timber Operators Council Retirement Plan (“TOCRP”) settled approximately $245 million of its pension plan obligations, for approximately 3,000 retirees, beneficiaries and deferred participants, through the purchase of a group annuity contract from The Prudential Insurance Company of America (PICA). PICA is expected to assume responsibility for paying these benefit

New record: Apartment tower near Pike Place trades for $293M
Wed, 23 Feb 2022 07:33:20 +0000
The transaction shows investors still have a lot of confidence in Seattle long term despite the challenges the pandemic has delivered to downtown.

Allstate (ALL) Boosts Shareholder Value With Dividend Hike
Tue, 22 Feb 2022 15:04:03 +0000
Allstate's (ALL) recent dividend hike highlights the company's robust financial standing and commitment to sustain its solid capital deployment history.

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