The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Progressive Corp shares valued at $2,759,400 were sold by Sauerland John P on Mar 28 ’25. At $275.94 per share, Sauerland John P sold 10,000 shares. The insider’s holdings dropped to 258,024 shares worth approximately $70.49 million following the completion of this transaction.
Also, Sauerland John P purchased 10,000 shares, netting a total of over 2,759,400 in proceeds.
Before that, Johnson Devin C had sold 400 shares from its account. In a trade valued at $110,016, the Director traded Progressive Corp shares for $275.04 each. Upon closing the transaction, the insider’s holdings decreased to 400 shares, worth approximately $2.29 million.
As published in a research note from BofA Securities on April 04, 2025, Progressive Corp [PGR] has been rated down from a Buy to a Neutral and the price target has been revised to $287. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late December. As of December 10, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for PGR. Earlier on September 05, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for PGR stock.
Analyzing PGR Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, Progressive Corp shares have jumped approximately 16.16%. Shares of the company reached a 52-week high of $292.99 on 03/17/25 and a 52-week low of $228.54 on 01/13/25. A 50-day SMA is recorded $270.29, while a 200-day SMA reached $248.44.
Support And Resistance Levels for Progressive Corp (PGR)
According to the 24-hour chart, there is a support level at 267.51, which, if violated, would cause prices to drop to 261.84. In the upper region, resistance lies at 277.34. The next price resistance is at 281.50. RSI (Relative Strength Index) is 50.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.44, which suggests the price will decrease in the coming days. Percent R is at 39.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
