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Strength Seen in PROG Holdings: Can Its 5.5% Jump Turn into More Strength?

PROG Holdings (NYSE: PRG) shares ended the last trading session 5.5% higher at $37.79. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7% gain over the past four weeks. Shares of PROG Holdings rallied for the second consecutive day. Rise in consumer confidence in May after three straight months of decline seems have cheered the investors of this consumer loan provider stock. Though inflation and interest rates worry persisted, the strong labor market continued to bolster the U.S. consumer sentiments. This favorable development perhaps ...