Progress Software Corporation (PRGS) Jumps 8.36% on January 14

Equities Staff |

Progress Software Corporation (PRGS) was among the biggest gainers on the Russell 2000 for Thursday January 14 as the stock popped 8.36% to $25.14, representing a gain of $1.94 per share. Some 859,961 shares traded hands on 6,213 trades, compared with an average daily volume of 320,462 shares out of a total float of 50.22 million. The stock opened at $23.42 and traded with an intraday range of $27.07 to $23.42.

After today's gains, Progress Software Corporation reached a market cap of $1.26 billion. Progress Software Corporation has had a trading range between $30.57 and $21.94 over the last year, and it had a 50-day SMA of $23.72 and a 200-day SMA of $26.17.

Progress Software Corporation is a software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source.

Progress Software Corporation is based out of Bedford, MA and has some 1,800 employees. Its CEO is .

For a complete fundamental analysis analysis of Progress Software Corporation, check out Equities.com’s Stock Valuation Analysis report for PRGS. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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