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PGNY (Progyny Inc) may reap gains as insiders became active recently

Progyny Inc’s recently made public that its Director SEIDENBERG BETH C acquired Company’s shares for reported $0.63 million on Dec 09 ’24. In the deal valued at $15.82 per share,39,680 shares were bought.

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Then, Sturmer Michael E sold 9,030 shares, generating $270,900 in total proceeds. Upon selling the shares at $30.00, the PRESIDENT now owns 362,583 shares.

Before that, Scott Cheryl sold 1,462 shares. Progyny Inc shares valued at $41,506 were divested by the Director at a price of $28.39 per share. As a result of the transaction, Scott Cheryl now holds 10,098 shares, worth roughly $0.16 million.

JP Morgan downgraded its Progyny Inc [PGNY] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. JMP Securities also remained covering PGNY and has decreased its forecast on September 19, 2024 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Leerink Partners revised its rating on August 07, 2024. It rated PGNY as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of PGNY

On Tuesday, Progyny Inc [NASDAQ:PGNY] saw its stock fall -0.63% to $15.74. Over the last five days, the stock has gained 5.99%. Progyny Inc shares have fallen nearly -57.67% since the year began. Nevertheless, the stocks have fallen -56.59% over the past one year. While a 52-week high of $42.08 was reached on 02/16/24, a 52-week low of $13.39 was recorded on 11/15/24. SMA at 50 days reached $15.62, while 200 days put it at $25.24.

Levels Of Support And Resistance For PGNY Stock

The 24-hour chart illustrates a support level at 15.43, which if violated will result in even more drops to 15.13. On the upside, there is a resistance level at 16.03. A further resistance level may holdings at 16.33. The Relative Strength Index (RSI) on the 14-day chart is 53.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.11%. Stochastics %K at 77.25% indicates the stock is a holding.

How much short interest is there in Progyny Inc?

A steep rise in short interest was recorded in Progyny Inc stocks on 2024-11-29, growing by 0.25 million shares to a total of 11.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.15 million shares. There was a rise of 2.21%, which implies that there is a positive sentiment for the stock.

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