Why Progyny's Stock Is Trading Lower In Pre-Market Session

Pharmacy benefits manager Progyny Inc PGNY is trading 8.22% lower on thin volume in the pre-market session on Thursday.

The company disclosed in SEC form 4 that TPG Group Holdings, who are more than 10% owners in the company, sold 72,768 shares pursuant to a Rule 10b5-1 trading plan adopted by TPG Biotech III. 

Based on the latest filing, TPG owns 16,448,121 shares after the sale.

Details of other share sales can be found in the Form 4 filings.

Price Action: PGNY shares are trading 8.22% lower to $25 in the pre-market session on the last check Thursday.

Market News and Data brought to you by Benzinga APIs
Posted In: NewsWhy is it moving?
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...