Shares of Prudential plc (NYSE:PUK - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $17.05, but opened at $18.20. Prudential shares last traded at $18.15, with a volume of 614,856 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Prudential from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd.
Get Our Latest Stock Analysis on Prudential
Prudential Price Performance
The firm has a 50-day simple moving average of $16.20 and a 200 day simple moving average of $16.69.
Institutional Trading of Prudential
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in shares of Prudential by 417.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 1,497 shares during the period. Whipplewood Advisors LLC acquired a new position in Prudential in the 4th quarter worth approximately $30,000. Advisors Preferred LLC acquired a new stake in shares of Prudential in the fourth quarter worth $31,000. GAMMA Investing LLC grew its holdings in shares of Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,127 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Prudential by 52.6% during the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider's stock valued at $48,000 after buying an additional 1,049 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.
Prudential Company Profile
(
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Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.
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