Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Progressive Corp shares valued at $164,870 were sold by Quigg Andrew J on Jan 03 ’25. At $242.10 per share, Quigg Andrew J sold 681 shares. The insider’s holdings dropped to 33,612 shares worth approximately $8.19 million following the completion of this transaction.
Also, Murphy John Jo sold 1,663 shares, netting a total of over 402,612 in proceeds. Following the sale of shares at $242.10 each, the insider now holds 45,289 shares.
Before that, Marshall Mariann Wojtkun had sold 191 shares from its account. In a trade valued at $46,241, the Chief Accounting Officer traded Progressive Corp shares for $242.10 each. Upon closing the transaction, the insider’s holdings decreased to 191 shares, worth approximately $0.97 million.
As published in a research note from Raymond James on December 26, 2024, Progressive Corp [PGR] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $305. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of September 05, 2024, Barclays has initiated its “an Equal weight” rating for PGR. Earlier on August 15, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for PGR stock which previously was a “a Neutral”.
Analyzing PGR Stock Performance
During the last five days, there has been a surge of approximately 1.66%. Over the course of the year, Progressive Corp shares have jumped approximately 1.66%. Shares of the company reached a 52-week high of $247.74 on 01/08/25 and a 52-week low of $238.86 on 01/02/25. A 50-day SMA is recorded $251.07, while a 200-day SMA reached $231.05. Nevertheless, trading volume fell to 2.6 million shares from 2.35 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 240.81, which, if violated, would cause prices to drop to 238.04. In the upper region, resistance lies at 247.05. The next price resistance is at 250.52. RSI (Relative Strength Index) is 45.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 39.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
