Prudential (PRU) Offering Possible 8.7% Return Over the Next 14 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 8.7% return on risk over the next 14 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 $0.80 would be kept by the premium seller. The risk of $9.20 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 31.42 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Prudential

This Stock Is Up 29% and It's Still Dirt Cheap
Tue, 01 Mar 2022 14:49:00 +0000
Specifically, growth stocks have gotten crushed, though value stocks have held up a little better. Inflationary pressures, the prospect of rising interest rates, and geopolitical tensions have all contributed to the market's volatility. Prudential Financial (NYSE: PRU) is a value stock that has returned 29% over the past year but still trades at a dirt cheap valuation.

PGIM hires Michael Miller to lead new DC Solutions business
Tue, 01 Mar 2022 13:30:00 +0000
NEWARK, N.J., March 01, 2022–PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has appointed Michael Miller as the first head of its new Defined Contribution (DC) Solutions business.

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

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