Check Out What Whales Are Doing With PRU
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Prudential Financial (NYSE:PRU) by a large investor or institution, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $90.0 to $97.5 for Prudential Financial over the last 3 months. Morgan Stanley has maintained their Equal-Weight rating on Prudential Financial, with a price target of $103.
November 06, 2023 | 4:01 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Prudential Financial, which may impact the stock's performance.
The large options position indicates that a significant investor or institution expects the price of Prudential Financial to decrease. This could lead to increased selling pressure on the stock, potentially driving the price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100