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:
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.