In a filing, Progressive Corp revealed its Officer Sauerland John P acquired Company’s shares for reported $0.44 million on Mar 17 ’25. In the deal valued at $282.66 per share,1,542 shares were bought.
Then, Bauer Jonathan S. bought 1,696 shares, generating $479,391 in total proceeds.
Before that, Callahan Patrick K sold 4,669 shares. Progressive Corp shares valued at $1,305,935 were divested by the Personal Lines President at a price of $279.70 per share. As a result of the transaction, Callahan Patrick K now holds 15,191 shares, worth roughly $4.42 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 2.65% to $291.22. Over the last five days, the stock has gained 4.50%. Progressive Corp shares have risen nearly 23.83% since the year began. Nevertheless, the stocks have risen 48.54% over the past one year. While a 52-week high of $287.49 was reached on 03/17/25, a 52-week low of $195.88 was recorded on 01/13/25. SMA at 50 days reached $258.63, while 200 days put it at $242.59.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 284.78, which if violated will result in even more drops to 278.33. On the upside, there is a resistance level at 295.33. A further resistance level may holdings at 299.43. The Relative Strength Index (RSI) on the 14-day chart is 74.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.62%. Stochastics %K at 75.86% 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 2025-02-28, growing by 1.05 million shares to a total of 6.47 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.43 million shares. There was a rise of 16.19%, which implies that there is a positive sentiment for the stock.
