Progressive Corp’s filing revealed that its CRM President Niederst Lori A unloaded Company’s shares for reported $0.95 million on Jan 30 ’25. In the deal valued at $247.06 per share,3,855 shares were sold. As a result of this transaction, Niederst Lori A now holds 39,040 shares worth roughly $ 10.25 million.
Then, KELLY JEFFREY D sold 10,000 shares, generating $2,500,000 in total proceeds. Upon selling the shares at $250.00, the Director now owns 27,741 shares.
Before that, Sauerland John P sold 10,000 shares. Progressive Corp shares valued at $2,466,900 were divested by the VP and Chief Financial Officer at a price of $246.69 per share. As a result of the transaction, Sauerland John P now holds 278,024 shares, worth roughly $73.01 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 jump 0.18% to $262.60. Over the last five days, the stock has gained 4.79%. Progressive Corp shares have risen nearly 11.66% since the year began. Nevertheless, the stocks have risen 46.94% over the past one year. While a 52-week high of $265.62 was reached on 02/14/25, a 52-week low of $178.86 was recorded on 01/13/25. SMA at 50 days reached $246.36, while 200 days put it at $235.83.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 260.52, which if violated will result in even more drops to 258.45. On the upside, there is a resistance level at 264.51. A further resistance level may holdings at 266.43. The Relative Strength Index (RSI) on the 14-day chart is 71.91, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.57%. Stochastics %K at 94.70% indicates the stock is a selling.
How much short interest is there in Progressive Corp?
A steep rise in short interest was recorded in Progressive Corp stocks on 2025-01-31, dropping by -0.19 million shares to a total of 5.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 5.62 million shares. There was a decline of -3.52%, which implies that there is a negative sentiment for the stock.
