Insider Trading Alert: PROG Holdings CEO Buys $435K in Stock
When company directors invest in their own firms, it often signals confidence about future growth. Their decisions to purchase shares can indicate they believe the stock is undervalued or that the business is making promising strides. This article examines notable insider stock purchases over the last six months, highlighting a significant buy of $435,450 by Steven A. Michaels, CEO of PROG Holdings Inc. (Symbol: PRG).
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/12/2025 | Steven A. Michaels | President and CEO | 15,000 | $29.03 | $435,450.00 |
Michaels’s average purchase price was $29.03 per share. Currently, PROG Holdings Inc shares are trading at $29.76, reflecting a gain of approximately 3.8% on Thursday. The chart below illustrates PRG’s one-year performance compared to its 200-day moving average:
The share price of PRG has fluctuated within a 52-week range, with a low of $23.50 and a high of $50.28. The last recorded trade stands at $29.76.
PROG Holdings Inc shares currently offer an annualized dividend of $0.52 per share, disbursed quarterly. The next ex-dividend date is set for 05/20/2025. Below is the long-term dividend history chart, which can provide insight into the sustainability of the recently declared dividend yielding approximately 1.8% annually.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
