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Shane E. Drozdowski
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I started getting into the stock market at the young age of 13. I have been determined ever since then to learn how to make money in the stock market. By the end of high school I was known has the stock market “kid.” For my graduating class my teachers created a new award for one student to be... More
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Shane Edmund Group LLC
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Stock market investment research by Shane Edmund Group LLC
  • Prudential Financial Shares Look Weak Going Forward (PRU, AIG) 0 comments
    Nov 14, 2010 11:37 AM | about stocks: PRU, XLF, AIG
    Prudential Financial Issues 18.3 Million Shares at $54.50 Each

    Shareholders of Prudential Financial Inc (NYSE: PRU) do not have much to cheer about after Friday the company announced it would sell stock at $54.50 per share to help finance the purchase of two American International Group (NYSE: AIG) units. The company sold 18.3 million shares at $54.50 per share, putting continued selling pressure on the stock. This helped the company raise nearly $1 billion with the swipe of a pen.The company bought these two units from American International Group (AIG) for $4.8 billion back in September of this year.

    It’s too soon to tell the impact this will have on shares of Prudential Financial (PRU) going forward, but the best way to tell may lie within a picture of the supply and demand for the shares. Some people call this picture a stock chart, we like to call it a graphical look at supply and demand forces in action.

    Prudential Financial Weekly Stock Outlook

    PRU prudential financial inc nyse stock outlook weekly Prudential Financial Shares Look Weak Going Forward (PRU, AIG)

    Prudential Financial Daily Stock Outlook PRU prudential financial inc nyse stock outlook daily Prudential Financial Shares Look Weak Going Forward (PRU, AIG)

    Source: Shane Edmund Group LLC


    Disclosure: No positions in those mentioned.
    Stocks: PRU, XLF, AIG
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