Progressive Corp’s recent filing unveils that its Chief Strategy Officer Quigg Andrew J unloaded Company’s shares for reported $0.16 million on Jan 03 ’25. In the deal valued at $242.10 per share,681 shares were sold. As a result of this transaction, Quigg Andrew J now holds 33,612 shares worth roughly $7.93 million.
Then, Murphy John Jo sold 1,663 shares, generating $402,612 in total proceeds. Upon selling the shares at $242.10, the Claims President now owns 45,289 shares.
Before that, Marshall Mariann Wojtkun sold 191 shares. Progressive Corp shares valued at $46,241 were divested by the Chief Accounting Officer at a price of $242.10 per share. As a result of the transaction, Marshall Mariann Wojtkun now holds 3,982 shares, worth roughly $0.94 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 Monday, Progressive Corp [NYSE:PGR] saw its stock jump 0.07% to $235.78. Over the last five days, the stock has lost -0.83%. Progressive Corp shares have risen nearly 0.25% since the year began. Nevertheless, the stocks have risen 45.78% over the past one year. While a 52-week high of $265.62 was reached on 01/08/25, a 52-week low of $161.22 was recorded on 01/13/25. SMA at 50 days reached $250.78, while 200 days put it at $231.35.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 230.78, which if violated will result in even more drops to 225.77. On the upside, there is a resistance level at 238.55. A further resistance level may holdings at 241.32. The Relative Strength Index (RSI) on the 14-day chart is 41.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.29%. Stochastics %K at 34.94% 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.
