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Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

AREB Stock

AREB Stock

Progyny Inc (PGNY) stock gained 7.31% in the after-hours session on Thursday, April 15, 2021, after it gained 0.94% in the early session.  PGNY shares have gained 146.67% over the last 12 months, and they have moved up by 9.97% in the past week. Over the past three months, the stock has gained 12.32%, while over the past six months, it has added 71.98%.

Let’s try to find out the reason behind its positive momentum

Progyny Inauguration on S&P MidCap 400

On April 15, 2021, S&P Dow Jones Indices made some changes and announced that Progyny Inc. (PGNY) will replace Domtar Corp. (UFS) in the S&P MidCap 400 from April 20, 2021.

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Recent financial results

On February 24, 2021, Progyny, Inc. reported its financial results for the three- and twelve-month periods ended December 31, 2020.

Q4 Financial Highlights

The full Year 2020 financial highlights

Conclusion

There is no recent development to justify its gains on Thursday. it can continue its positive momentum in the coming days.

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