Do Traders Think Progyny Inc (PGNY) Can Keep Climbing Friday?

Progyny Inc (PGNY) stock has risen 1.07% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Progyny Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PGNY!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PGNY Stock Today?

Progyny Inc (PGNY) stock is trading at $34.85 as of 11:31 AM on Friday, Dec 1, a gain of $0.49, or 1.43% from the previous closing price of $34.36. The stock has traded between $34.13 and $34.97 so far today. Volume today is below average. So far 263,772 shares have traded compared to average volume of 840,489 shares.

More About Progyny Inc

Progyny Inc is a company engaged in specializing in fertility and family building benefits solutions. Its clients include employers across various industries. The fertility benefits solution consists of the treatment services (Smart Cycles), access to the Progyny network of high-quality fertility specialists that perform the Smart Cycle treatments and active management of the selective network of high-quality provider clinics. Click Here to get the full Stock Report for Progyny Inc stock.