In a filing, Progressive Corp revealed its Chief Information Officer Broz Steven unloaded Company’s shares for reported $0.75 million on Oct 21 ’24. In the deal valued at $251.15 per share,2,981 shares were sold. As a result of this transaction, Broz Steven now holds 26,353 shares worth roughly $7.01 million.
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Then, Broz Steven bought 2,981 shares, generating $748,678 in total proceeds.
Before that, Van Dyke Kahina sold 2,180 shares. Progressive Corp shares valued at $549,970 were divested by the Director at a price of $252.28 per share. As a result of the transaction, Van Dyke Kahina now holds 13,723 shares, worth roughly $3.65 million.
Barclays initiated its Progressive Corp [PGR] rating to an Equal weight in a research note published on September 05, 2024; the price target was $367. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. HSBC Securities also remained covering PGR and has increased its forecast on August 12, 2024 with a “Buy” recommendation from previously “Hold” rating. Keefe Bruyette revised its rating on July 17, 2024. It rated PGR as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of PGR
On Monday, Progressive Corp [NYSE:PGR] saw its stock fall -0.07% to $265.88. Over the last five days, the stock has gained 3.65%. Progressive Corp shares have risen nearly 67.67% since the year began. Nevertheless, the stocks have risen 63.12% over the past one year. While a 52-week high of $266.18 was reached on 11/25/24, a 52-week low of $148.48 was recorded on 01/02/24. SMA at 50 days reached $253.26, while 200 days put it at $223.22.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 262.77, which if violated will result in even more drops to 259.66. On the upside, there is a resistance level at 267.94. A further resistance level may holdings at 270.00. The Relative Strength Index (RSI) on the 14-day chart is 65.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.23%. Stochastics %K at 97.21% indicates the stock is a selling.
How much short interest is there in Progressive Corp?
A steep rise in short interest was recorded in Progressive Corp stocks on 2024-10-31, growing by 0.38 million shares to a total of 5.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.73 million shares. There was a rise of 7.37%, which implies that there is a positive sentiment for the stock.
