Here is why. Because the crooks who manipulated this stock because today’s closing price is what the employees at PRU who participate in the ESPP get shares. They get them at 15% less then what is closed at today, Sept 30th, Dec 30th, and March 30th.
So these fuckers bent the employees over and ran it up to ensure their shares were bought too cheap. Get it, little guys and gals lose again.
The reverse happened yesterday, a ton of sell orders executed after the close. Two weird closes in a row, but none of this matters. The direction is down, stock will revisit the July Lows of 56. At that point, I will either cover or continue to hold my short depending on the overall market conditions. To me the MM has some answering to do.