Progressive Corp’s recent filing unveils that its VP and Chief Financial Officer Sauerland John P unloaded Company’s shares for reported $2.76 million on Mar 28 ’25. In the deal valued at $275.94 per share,10,000 shares were sold. As a result of this transaction, Sauerland John P now holds 258,024 shares worth roughly $65.87 million.
Then, Sauerland John P bought 10,000 shares, generating $2,759,400 in total proceeds.
Before that, Johnson Devin C sold 400 shares. Progressive Corp shares valued at $110,016 were divested by the Director at a price of $275.04 per share. As a result of the transaction, Johnson Devin C now holds 8,370 shares, worth roughly $2.14 million.
BofA Securities downgraded its Progressive Corp [PGR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late December from “a Mkt perform” to “an Outperform”. HSBC Securities also remained covering PGR and has decreased its forecast on December 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays started covering the stock on September 05, 2024. It rated PGR as “an Equal weight”.
Price Performance Review of PGR
On Monday, Progressive Corp [NYSE:PGR] saw its stock fall -0.92% to $255.27. Over the last five days, the stock has lost -9.80%. Progressive Corp shares have risen nearly 8.54% since the year began. Nevertheless, the stocks have risen 24.29% 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 $268.98, while 200 days put it at $247.58.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 248.41, which if violated will result in even more drops to 241.55. On the upside, there is a resistance level at 261.71. A further resistance level may holdings at 268.14. The Relative Strength Index (RSI) on the 14-day chart is 35.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.61%. Stochastics %K at 32.36% 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 2025-03-14, growing by 0.39 million shares to a total of 6.79 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.4 million shares. There was a rise of 5.7%, which implies that there is a positive sentiment for the stock.
