Market Overview

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

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Pharmacy benefits manager Progyny Inc (NASDAQ: 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.

 

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