Prog Holdings Inc – (PRG, +1, August 5th)
Curtis Doman (Chief Innovation Officer since 2020, joined 1999) purchased $962,500 of stock at $19.25 on August 3rd, increasing his holding by 23%. He has been a rare buyer with only one previous purchase of $71,246 going back to March 2016. This new purchase is much larger and represents a reversal from a timely sale in August 2020 at $58.44.
On August 2nd, Steven Michaels (President & CEO since 20121, joined 1995) purchased $283,590 of stock at $18.91 averaging down from his last purchase at $42.91 just a year ago, in August 2021. Before that and just like Doman, his only other purchase was in March 2016. Despite the stock’s weakness, these rare purchases from two executives are a very positive sign.
We are ranking the stock +1.
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