Progress Software Corp. Hits Day High with 12.14% Surge in Stock Price

Progress Software Corp. has experienced a significant uptick in its stock performance, gaining 12.14% on February 23, 2026. The stock reached an intraday high of USD 41.81, reflecting a strong day of trading activity. Over the past day, Progress Software outperformed the S&P 500, which saw a gain of 0.69%, with Progress achieving a 1.26% increase. In terms of weekly performance, Progress Software has shown a robust 11.8% rise compared to the S&P 500's 1.07%. However, the stock has faced challenges over the longer term, with a year-to-date decline of 4.93% and a notable 25.88% drop over the past year, contrasting sharply with the S&P 500's 12.95% gain during the same period. The company, operating within the software products industry, has a market capitalization of USD 1,698 million and maintains a high institutional ownership rate of 100%. Despite its recent gains, the stock has consistently underperformed against the S&P 500 over the last three years, highlighting ongoing challenges in its market position.