RawGreed Requests, Prudential Financial Inc.?

Posted on November 4, 2005 , filed under Stocks | Print This Post

Betty F. writes,

I bought the PRU at the average price of 62.50. Today it has gone up to 75.60 and the price has been increased about 21%. Do you expect that
the price of PRU will continue to rise? Should I hold it or sell it?

PRU, Prudential Financial Inc. was a great pick at $62.50. Prudential has turned in very favorable earnings for the 3rd quarter. I don’t see any imminent danger in the next quarter that would cause the price of the stock to drop. Shortly before 4th quarter earnings, the stock should jump again purely on speculation that earnings will follow the same bullish 3rd quarter results. I would look at selling at $79-$80 as a short term 1-3 month price target.

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