Progressive Corporation (The) (PGR) has risen sharply, recording gains of 4.39% in the past 4 weeks. However, the stock has corrected -0.09% in the past 1 week, providing a good buying opportunity on dips. Progressive Corporation (The) (PGR) : During the past 4 weeks, traders have been relatively bearish on Progressive Corporation (The) (PGR), hence the stock is down -2.22% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.7% relative to the S&P 500.
Progressive Corporation (The) (NYSE:PGR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.74 and $32.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.07, notching a gain of 1.29% for the day. The total traded volume was 1,503,738 . The stock had closed at $32.65 on the previous day.
The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 0.84%. Progressive Corp. is up 0.36% in the last 3-month period. Year-to-Date the stock performance stands at 7.04%.
The Progressive Corporation is an insurance holding company. The Companys insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance, commercial auto and truck insurance principally for small businesses, and other specialty property-casualty insurance and related services. The Companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its non-insurance subsidiaries and limited partnership investment affiliate support its insurance and investment operations.