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 $270,900 were sold by Sturmer Michael E on Jul 16 ’24. At $30.00 per share, Sturmer Michael E sold 9,030 shares. The insider’s holdings dropped to 362,583 shares worth approximately $5.4 million following the completion of this transaction.
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Also, Scott Cheryl sold 1,462 shares, netting a total of over 41,506 in proceeds. Following the sale of shares at $28.39 each, the insider now holds 10,098 shares.
Before that, Sturmer Michael E had sold 4,515 shares from its account. In a trade valued at $144,254, the PRESIDENT traded Progyny Inc shares for $31.95 each. Upon closing the transaction, the insider’s holdings decreased to 4,515 shares, worth approximately $5.65 million.
As published in a research note from JP Morgan on December 02, 2024, Progyny Inc [PGNY] has been rated down from an Overweight to a Neutral and the price target has been revised to $17. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid November. As of September 19, 2024, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for PGNY. Earlier on August 07, 2024, Leerink Partners downgraded its rating. Their new recommendation was “a Market perform” for PGNY stock which previously was a “an Outperform”.
Analyzing PGNY Stock Performance
During the last five days, there has been a drop of approximately -2.55%. Over the course of the year, Progyny Inc shares have dropped approximately -59.98%. Shares of the company reached a 52-week high of $42.08 on 02/16/24 and a 52-week low of $13.39 on 11/15/24. A 50-day SMA is recorded $15.73, while a 200-day SMA reached $25.72. Nevertheless, trading volume fell to 1.32 million shares from 1.49 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 14.75, which, if violated, would cause prices to drop to 14.62. In the upper region, resistance lies at 15.02. The next price resistance is at 15.16. RSI (Relative Strength Index) is 44.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 43.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
