Prudential Financial's stock is down 3.1% to $55.20 on heavy trading volume. About 4.2 million shares have been traded today, as compared to the 30-day average volume of 3.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
Over the past year, Prudential Financial has traded in a range of $44.47 to $64.73 and is now at $55.20, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.
There is potential upside of 23.1% for shares of Prudential Financial based on a current price of $55.20 and an average consensus analyst price target of $67.94. The stock should find resistance at its 50-day moving average (MA) of $57.92, as well as support at its 200-day MA of $54.34.
Prudential Financial, Inc. provides financial services throughout the United States and several locations worldwide. The Company offers a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, real estate brokerage, and relocation services.