Progyny Inc’s filing revealed that its PRESIDENT Sturmer Michael E unloaded Company’s shares for reported $0.27 million on Jul 16 ’24. In the deal valued at $30.00 per share,9,030 shares were sold. As a result of this transaction, Sturmer Michael E now holds 362,583 shares worth roughly $5.67 million.
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Then, Scott Cheryl sold 1,462 shares, generating $41,506 in total proceeds. Upon selling the shares at $28.39, the Director now owns 10,098 shares.
Before that, Sturmer Michael E sold 4,515 shares. Progyny Inc shares valued at $144,254 were divested by the PRESIDENT at a price of $31.95 per share. As a result of the transaction, Sturmer Michael E now holds 380,038 shares, worth roughly $5.94 million.
JMP Securities downgraded its Progyny Inc [PGNY] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Market perform”. Canaccord Genuity also remained covering PGNY and has decreased its forecast on August 07, 2024 with a “Hold” recommendation from previously “Buy” rating. BTIG Research revised its rating on August 07, 2024. It rated PGNY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PGNY
On Tuesday, Progyny Inc [NASDAQ:PGNY] saw its stock fall -1.20% to $15.64. Over the last five days, the stock has lost -3.04%. Progyny Inc shares have fallen nearly -57.93% since the year began. Nevertheless, the stocks have fallen -48.70% over the past one year. While a 52-week high of $42.08 was reached on 02/16/24, a 52-week low of $13.93 was recorded on 09/19/24. SMA at 50 days reached $19.08, while 200 days put it at $28.71.
Levels Of Support And Resistance For PGNY Stock
The 24-hour chart illustrates a support level at 15.47, which if violated will result in even more drops to 15.30. On the upside, there is a resistance level at 15.94. A further resistance level may holdings at 16.24. The Relative Strength Index (RSI) on the 14-day chart is 35.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.05%. Stochastics %K at 17.95% indicates the stock is a buying.
How much short interest is there in Progyny Inc?
A steep rise in short interest was recorded in Progyny Inc stocks on 2024-10-15, growing by 0.82 million shares to a total of 9.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.15 million shares. There was a rise of 8.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $36 price target.
