Progressive Stock Moves Above 50-Day SMA: What Should Investors Know?
PGRProgressive(PGR) ZACKS·2024-09-12 03:00

Shares of The Progressive Corporation (PGR) closed at 249.13,aboveits50daymovingaverageof249.13, above its 50-day moving average of 226.22, indicating a bullish trend. Shares gained 23% in the past three months, outperforming the industry’s increase of 12.5%, the Finance sector’s rise of 0.1% and the Zacks S&P 500 composite’s increase of 0.3% in the said time frame. The outperformance is backed by a compelling product portfolio, operational expertise and a solid capital position. Progressive is seen as a leader in product, service and dist ...