Progressive Corp’s recent filing unveils that its Chief Accounting Officer Joyce Carl G unloaded Company’s shares for reported $99420.0 on Mar 21 ’25. In the deal valued at $276.17 per share,360 shares were sold. As a result of this transaction, Joyce Carl G now holds 655 shares worth roughly $0.18 million.
Then, Joyce Carl G bought 360 shares, generating $99,420 in total proceeds.
Before that, Sauerland John P sold 1,542 shares. Progressive Corp shares valued at $435,862 were divested by the VP and Chief Financial Officer at a price of $282.66 per share. As a result of the transaction, Sauerland John P now holds 268,024 shares, worth roughly $73.44 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 0.42% to $274.00. Over the last five days, the stock has lost -5.91%. Progressive Corp shares have risen nearly 16.50% since the year began. Nevertheless, the stocks have risen 35.70% over the past one year. While a 52-week high of $292.99 was reached on 03/17/25, a 52-week low of $197.62 was recorded on 01/13/25. SMA at 50 days reached $262.03, while 200 days put it at $244.26.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 272.35, which if violated will result in even more drops to 270.70. On the upside, there is a resistance level at 275.83. A further resistance level may holdings at 277.66. The Relative Strength Index (RSI) on the 14-day chart is 50.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.18%. Stochastics %K at 25.14% 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.
