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Progress Energy (NYSE:PGN) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 201 call options on the stock, AnalystRatings.NET reports. This is an increase of approximately 491% compared to the average daily volume of 34 call options.

Separately, analysts at Stephens initiated coverage on shares of Progress Energy in a research note on Monday. They set an “equal weight” rating on the stock.

Progress Energy (NYSE:PGN) traded down 2.65% during mid-day trading on Friday, hitting $9.54. The stock had a trading volume of 7,456,780 shares. The stock has a 50-day moving average of $11.35 and a 200-day moving average of $11.35.

Progress Energy, Inc (NYSE:PGN) is a utility holding company engaged in the regulated electric utility business.

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