Prudential (PRU) Offering Possible 17.65% Return Over the Next 24 Calendar Days

Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 17.65% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $55.00 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 at 60.7 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Prudential

Bailey Hires First Woman for BOE’s ‘Unofficial Governor’ Role
Wed, 22 Jul 2020 08:28:02 +0000
(Bloomberg) — Bank of England chief Andrew Bailey has broken new ground in his choice of private secretary — a role described by one lawmaker as the central bank’s “unofficial governor.”Laura Wallis will become the first woman in charge of the governor’s office when she takes up the role on Aug. 3. She joined the BOE as part of the Prudential Regulation Authority in 2013, after a decade at the Financial Services Authority.The role of private secretary, who’s in charge of overseeing the implementation of the governor’s policies with other officials, is seen as a stepping stone to the highest ranks at the central bank. The remit offers insights into every corner of the 326-year-old institution.At the PRA, Wallis’s roles included supervision of international banks and overseeing the BOE’s work relating to the U.K.’s exit from the European Union. Most recently she was Head of Financial Market Infrastructure Regulation.She also served as co-chair of the BOE’s women’s network until 2018. The bank started recruiting female employees as far back as the 1890s, but recently it’s struggled to meet targets for their advancement to senior management roles.The BOE confirmed Wallis’ appointment to the position, which is the equivalent management grade to director.Previous holders include Executive Director for Financial Stability Alex Brazier — who described the job as the governor’s “eyes and ears” — and Bailey himself, who served in the role under Eddie George.Other former holders of the post who went on to more senior roles include Spencer Dale, chief economist under Mervyn King, and Paul Tucker, who was considered among the front runners to head the BOE when King left.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

City of Atlanta selects Prudential Retirement to oversee more than $330M in assets
Tue, 21 Jul 2020 13:00:00 +0000
The city of Atlanta, the ninth-largest metropolitan area in the nation, chose Prudential Retirement as record keeper for its defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

3 Dividend Stocks That Pay You More Than Pepsi
Tue, 21 Jul 2020 09:35:00 +0000
Many investors have turned to PepsiCo (NASDAQ: PEP) for its dividend. Further, they show paths to predictable growth that point to future dividend hikes. If you're seeking stocks such as these that are also trading at an opportune buy point, you should consider Cardinal Health (NYSE: CAH), Prudential Financial (NYSE: PRU), and Verizon Communications (NYSE: VZ).

PGIM Private Capital provides nearly $5.0B in private debt to middle-market companies in the first half of 2020
Mon, 20 Jul 2020 14:18:00 +0000
PGIM Private Capital provided $4.7B of senior debt and junior capital to middle-market companies and projects globally in the first half of 2020.

COVID-19 Pandemic Erases Years of Financial Gains in Months, Disproportionately Affecting People of Color, Women, Gig Workers and the Young
Mon, 13 Jul 2020 15:00:00 +0000
The first months of the COVID-19 pandemic largely wiped out three years of financial gains in the United States, with more than half of Americans reporting their financial health has been compromised. People of color, women, younger generations and small business owners were among those disproportionately affected, Prudential’s (NYSE:PRU) 2020 Financial Wellness Census™ finds.

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