Progyny Inc is a leading fertility benefits management company that specializes in providing comprehensive fertility solutions to employers and individuals. Their innovative approach aims to improve access to fertility treatments and support individuals on their journey to parenthood.

However, the technical analysis of Progyny Inc's stock (PGNY) indicates that it is currently making new lows and underperforming. This suggests that the stock's price has been declining and failing to meet market expectations. The underperformance may be attributed to various factors, such as weak market sentiment, unfavorable industry conditions, or company-specific challenges.

Investors should closely monitor the stock's price movements, key technical indicators, and any potential catalysts that could impact its performance. Conducting further analysis, such as examining support and resistance levels, volume patterns, and trend indicators, can provide valuable insights into the stock's future direction.