PRU Crosses Below Key Price/Book Valuation Level

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In trading on Wednesday, shares of Prudential Financial, Inc. (Symbol: PRU) crossed below their last reported book value - defined as common shareholder equity per share - of $82.66, changing hands as low as $82.33 per share. Prudential Financial, Inc. shares are currently trading off about 2.4% on the day. The chart below shows the one year performance of PRU shares, versus its 50 and 200 day moving averages: Prudential Financial, Inc. Moving Averages Chart

Looking at the chart above, PRU's low point in its 52 week range is $64.30 per share, with $92.68 as the 52 week high point - that compares with a last trade of $82.44.

According to the ETF Finder at ETF Channel, PRU makes up 6.46% of the iShares U.S. Insurance ETF (Symbol: IAK) which is trading lower by about 1.2% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed below their book value »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Options

Referenced Stocks: PRU , IAK

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