Progressive Corp’s recent filing unveils that its Officer Marshall Mariann Wojtkun acquired Company’s shares for reported $46241.0 on Jan 03 ’25. In the deal valued at $242.10 per share,191 shares were bought.
Then, Quigg Andrew J bought 681 shares, generating $164,870 in total proceeds.
Before that, Murphy John Jo bought 1,663 shares. Progressive Corp shares valued at $402,612 were divested by the Officer at a price of $242.10 per share.
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 jump 0.65% to $242.22. Over the last five days, the stock has lost -0.40%. Progressive Corp shares have risen nearly 1.09% since the year began. Nevertheless, the stocks have risen 49.10% over the past one year. While a 52-week high of $270.62 was reached on 01/03/25, a 52-week low of $160.85 was recorded on 01/02/25. SMA at 50 days reached $251.32, while 200 days put it at $230.50.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 240.28, which if violated will result in even more drops to 238.34. On the upside, there is a resistance level at 244.30. A further resistance level may holdings at 246.39. The Relative Strength Index (RSI) on the 14-day chart is 41.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.08%. Stochastics %K at 22.08% 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.
