Progyny Shares Jump 11% On New Credit Facility And Upbeat Q2 Outlook

(RTTNews) - Progyny, Inc. (PGNY) shares surged 11.61 percent to $23.94 on Tuesday after the company announced a new $200 million revolving credit facility and signaled better-than-expected second quarter results.

The stock opened at $21.66 and reached a high of $24.27. Volume rose to 1.87 million shares, well above the 1.07 million averages on the Nasdaq.

The undrawn facility, which matures in July 2030, is designed to enhance financial flexibility and support potential future investments or stock repurchases. The official Q2 earnings report is scheduled for August 7, 2025.