In a filing, Progressive Corp revealed 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 $10.64 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 $75.8 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 2.42% to $272.63. Over the last five days, the stock has gained 3.82%. Progressive Corp shares have risen nearly 15.92% since the year began. Nevertheless, the stocks have risen 46.00% over the past one year. While a 52-week high of $270.79 was reached on 02/24/25, a 52-week low of $183.49 was recorded on 01/13/25. SMA at 50 days reached $247.43, while 200 days put it at $237.27.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 267.57, which if violated will result in even more drops to 262.50. On the upside, there is a resistance level at 276.61. A further resistance level may holdings at 280.58. The Relative Strength Index (RSI) on the 14-day chart is 74.97, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.17%. Stochastics %K at 86.43% indicates the stock is a selling.
