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 $1,305,935 were sold by Callahan Patrick K on Mar 06 ’25. At $279.70 per share, Callahan Patrick K sold 4,669 shares. The insider’s holdings dropped to 15,191 shares worth approximately $4.24 million following the completion of this transaction.
Also, Bauer Jonathan S. sold 1,227 shares, netting a total of over 344,787 in proceeds. Following the sale of shares at $281.00 each, the insider now holds 28,393 shares.
Before that, Bauer Jonathan S. had added 1,227 shares to its account. In a trade valued at $344,787, the Officer bought Progressive Corp shares for $281.00 each.
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 drop of approximately -0.63%. Over the course of the year, Progressive Corp shares have jumped approximately 18.80%. Shares of the company reached a 52-week high of $287.49 on 03/04/25 and a 52-week low of $228.54 on 01/13/25. A 50-day SMA is recorded $256.72, while a 200-day SMA reached $241.76.
Support And Resistance Levels for Progressive Corp (PGR)
According to the 24-hour chart, there is a support level at 276.60, which, if violated, would cause prices to drop to 273.80. In the upper region, resistance lies at 281.68. The next price resistance is at 283.96. RSI (Relative Strength Index) is 64.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 38.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
