Progressive Corporation (The) (PGR) : The total negative money flow of $7.46 million on Thursday indicates selling on strength. The inflow of money on upticks was $12.46 million, compared to $19.92 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.63. The negative money flow of $7.69 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $7.69 million. The price action in the Progressive Corporation (The) (PGR) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $33.14 with a gain of $0.03 , a change of 0.09% over the previous days close. The stock registered -0.3% for the week.
Progressive Corporation (The) (PGR) : The highest short term price target forecast on Progressive Corporation (The) (PGR) is $36 and the lowest target price is $27. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $31.64 with a standard deviation of $3.26. The stock has recorded a 20-day Moving Average of 2.41% and the 50-Day Moving Average is 1.19%.
Progressive Corporation (The) (NYSE:PGR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.11 and $33.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.14, notching a gain of 0.09% for the day. The total traded volume was 3,533,934 . The stock had closed at $33.11 on the previous day.
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.