The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Progyny Inc shares valued at $11,258 were sold by Payson Norman on Nov 23 ’24. At $56.29 per share, Payson Norman sold 200 shares. The insider’s holdings dropped to 580,656 shares worth approximately $18.51 million following the completion of this transaction.
Also, Livingston Mark S. sold 11,165 shares, netting a total of over 419,979 in proceeds. Following the sale of shares at $37.62 each, the insider now holds 50,119 shares.
Before that, Sturmer Michael E had sold 6,395 shares from its account. In a trade valued at $240,452, the PRESIDENT traded Progyny Inc shares for $37.60 each. Upon closing the transaction, the insider’s holdings decreased to 6,395 shares, worth approximately $12.26 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Progyny Inc [PGNY] has been an Outperform and the price target has been revised to $49. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of September 27, 2023, Canaccord Genuity has initiated its “Buy” rating for PGNY. Earlier on May 22, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for PGNY stock.
Analyzing PGNY Stock Performance
During the last five days, there has been a drop of approximately -8.84%. Over the course of the year, Progyny Inc shares have dropped approximately -14.25%. Shares of the company reached a 52-week high of $42.08 on 02/16/24 and a 52-week low of $31.80 on 04/18/24. A 50-day SMA is recorded $36.86, while a 200-day SMA reached $36.24. Nevertheless, trading volume fell to 1.3 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Progyny Inc (PGNY)
According to the 24-hour chart, there is a support level at 31.29, which, if violated, would cause prices to drop to 30.69. In the upper region, resistance lies at 32.99. The next price resistance is at 34.09. RSI (Relative Strength Index) is 27.43 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.07, which suggests the price will decrease in the coming days. Percent R is at 98.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
