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 $16.62 million following the completion of this transaction.
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Also, Sturmer Michael E sold 4,515 shares, netting a total of over 144,254 in proceeds. Following the sale of shares at $31.95 each, the insider now holds 380,038 shares.
Before that, Livingston Mark S. had sold 11,165 shares from its account. In a trade valued at $419,979, the CHIEF FINANCIAL OFFICER traded Progyny Inc shares for $37.62 each. Upon closing the transaction, the insider’s holdings decreased to 11,165 shares, worth approximately $1.43 million.
As published in a research note from KeyBanc Capital Markets on May 10, 2024, Progyny Inc [PGNY] has been rated down from an Overweight to a Sector weight. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for PGNY. Earlier on September 27, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for PGNY stock.
Analyzing PGNY Stock Performance
During the last five days, there has been a surge of approximately 12.94%. Over the course of the year, Progyny Inc shares have dropped approximately -23.02%. Shares of the company reached a 52-week high of $42.08 on 02/16/24 and a 52-week low of $23.90 on 05/10/24. A 50-day SMA is recorded $28.94, while a 200-day SMA reached $33.86. Nevertheless, trading volume fell to 1.38 million shares from 1.19 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 27.76, which, if violated, would cause prices to drop to 26.89. In the upper region, resistance lies at 29.12. The next price resistance is at 29.62. RSI (Relative Strength Index) is 57.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 7.28%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
