Progressive Corp’s recently made public that its VP and Chief Financial Officer Sauerland John P unloaded Company’s shares for reported $2.68 million on Nov 29 ’24. In the deal valued at $268.09 per share,10,000 shares were sold. As a result of this transaction, Sauerland John P now holds 292,958 shares worth roughly $70.61 million.
Then, Sauerland John P bought 10,000 shares, generating $2,680,900 in total proceeds.
Before that, Broz Steven sold 2,981 shares. Progressive Corp shares valued at $748,678 were divested by the Chief Information Officer at a price of $251.15 per share. As a result of the transaction, Broz Steven now holds 26,353 shares, worth roughly $6.35 million.
Raymond James upgraded its Progressive Corp [PGR] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Barclays began covering PGR with “an Equal weight” recommendation on September 05, 2024. Goldman revised its rating on August 15, 2024. It rated PGR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PGR
On Friday, Progressive Corp [NYSE:PGR] saw its stock fall -0.89% to $241.02. Over the last five days, the stock has gained 0.55%. Progressive Corp shares have risen nearly 51.99% since the year began. Nevertheless, the stocks have risen 53.55% over the past one year. While a 52-week high of $270.62 was reached on 11/27/24, a 52-week low of $155.37 was recorded on 01/02/24. SMA at 50 days reached $252.11, while 200 days put it at $229.79.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 239.55, which if violated will result in even more drops to 238.07. On the upside, there is a resistance level at 242.99. A further resistance level may holdings at 244.95. The Relative Strength Index (RSI) on the 14-day chart is 37.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.83%. Stochastics %K at 23.63% indicates the stock is a holding.
How much short interest is there in Progressive Corp?
A steep rise in short interest was recorded in Progressive Corp stocks on 2024-12-13, growing by 0.71 million shares to a total of 4.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.28 million shares. There was a rise of 14.23%, which implies that there is a positive sentiment for the stock.
