Why Progenity's Stock is Down During Today's Session

Progenity's Stock Price And Volume Action

Progenity's PROG stock has been falling Monday, down 6.19% to a price of $5.9. Monday the stock has been traded at a volume of 209.31 thousand, about 29.44% of its recent 30-day volume average of 710.93 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Progenity shares are trading lower after the company reported Wells Fargo downgraded the stock from Overweight to Underweight and lowered its price target from $11 to $5 per share.

Perspective On Recent Price Action

The stock's 50-day moving average was $5.42 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $10.27 and fallen to a low of $3.08.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.