Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Progressive Corp shares valued at $2,680,900 were sold by Sauerland John P on Nov 29 ’24. At $268.09 per share, Sauerland John P sold 10,000 shares. The insider’s holdings dropped to 292,958 shares worth approximately $71.26 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Sauerland John P purchased 10,000 shares, netting a total of over 2,680,900 in proceeds.
Before that, Broz Steven had sold 2,981 shares from its account. In a trade valued at $748,678, the Chief Information Officer traded Progressive Corp shares for $251.15 each. Upon closing the transaction, the insider’s holdings decreased to 2,981 shares, worth approximately $6.41 million.
As published in a research note from HSBC Securities on December 10, 2024, Progressive Corp [PGR] has been rated down from a Buy to a Hold and the price target has been revised to $267. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. As of August 15, 2024, Goldman has increased its “Neutral” rating to a “Buy” for PGR. Earlier on August 12, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Buy” for PGR stock which previously was a “a Hold”.
Analyzing PGR Stock Performance
During the last five days, there has been a drop of approximately -1.73%. Over the course of the year, Progressive Corp shares have jumped approximately 53.39%. Shares of the company reached a 52-week high of $270.62 on 11/27/24 and a 52-week low of $159.34 on 01/02/24. A 50-day SMA is recorded $252.57, while a 200-day SMA reached $229.36. Nevertheless, trading volume fell to 0.68 million shares from 1.81 million shares the previous day.
Support And Resistance Levels for Progressive Corp (PGR)
According to the 24-hour chart, there is a support level at 241.31, which, if violated, would cause prices to drop to 239.38. In the upper region, resistance lies at 244.21. The next price resistance is at 245.18. RSI (Relative Strength Index) is 40.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.11, which suggests the price will decrease in the coming days. Percent R is at 76.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
