In a filing, Progressive Corp revealed its Officer Bauer Jonathan S. acquired Company’s shares for reported $0.34 million on Mar 06 ’25. In the deal valued at $281.00 per share,1,227 shares were bought.
Then, Callahan Patrick K bought 4,669 shares, generating $1,311,989 in total proceeds.
Before that, Sauerland John P sold 10,000 shares. Progressive Corp shares valued at $2,799,400 were divested by the VP and Chief Financial Officer at a price of $279.94 per share. As a result of the transaction, Sauerland John P now holds 269,566 shares, worth roughly $75.43 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 fall -0.48% to $279.82. Over the last five days, the stock has lost -0.77%. Progressive Corp shares have risen nearly 18.98% since the year began. Nevertheless, the stocks have risen 50.20% over the past one year. While a 52-week high of $287.49 was reached on 03/04/25, a 52-week low of $190.27 was recorded on 01/13/25. SMA at 50 days reached $253.84, while 200 days put it at $240.32.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 277.76, which if violated will result in even more drops to 275.69. On the upside, there is a resistance level at 281.91. A further resistance level may holdings at 283.99. The Relative Strength Index (RSI) on the 14-day chart is 67.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.14%. Stochastics %K at 76.05% indicates the stock is a holding.
