PRU Stock Near 52-Week High: Here's What Investors Should Know

Prudential Financial Inc. (PRU) closed at $129.41 on Friday, near its 52-week high of $130.55. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $124.08 and $117.66, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Shares of this multi-line insurer have rallied 24.8% ...