Progress Energy Target of Unusually High Options Trading (PGN)
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.
Receive News & Ratings for Progress Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progress Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.