Prudential (PRU) Offering Possible 10.13% Return Over the Next 21 Calendar Days

Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 10.13% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $80.00 long put strike price.

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

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

American workers putting more thought into choosing annual benefits, new Prudential survey shows
Tue, 24 Sep 2019 12:00:00 +0000
Almost two-thirds of American workers did not automatically choose the same benefits as the previous year, indicating they are putting more thought into their choices during open enrollment, “Employee Insights on Open Enrollment,” a new survey released by Prudential Financial (NYSE: PRU) today shows. The survey of 2,000 employed adults, conducted by Morning Consult on behalf of Prudential, found that just 35% of working adults chose the same benefits as the previous year. “Now the next big opportunity for employers is to think about how to tailor those communications for populations most likely to need them such as new employees, employees in new roles, employees who received a raise or promotion, and those likely to experience a life change,” said Leston Welsh, head of products at Prudential Group Insurance.

Terrafina Announces Changes in its Technical Committee
Mon, 23 Sep 2019 22:41:18 +0000
MEXICO CITY, Sept. 23, 2019 — Terrafina (”TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by PGIM Real Estate.

Insurers go head-to-head with state on paid-leave plans
Mon, 23 Sep 2019 10:02:27 +0000
At least four insurance companies are now offering plans under the state's new paid family and medical leave law. Some of them offer substantial savings over the government version.

MetLife Suffers Due to Low Interest Rate, Eyes Recovery
Fri, 20 Sep 2019 11:43:11 +0000
Low interest rates weigh on MetLife's (MET) investment income but various recovery measures help.

Prudential Insurance Company of America — Moody's announces completion of a periodic review of ratings of Prudential Financial, Inc.
Thu, 19 Sep 2019 21:06:13 +0000
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Prudential Financial, Inc. New York, September 19, 2019 — Moody's Investors Service (“Moody's”) has completed a periodic review of the ratings of Prudential Financial, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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