Progressive Corp. (PGR) is Trading Lower on Unusual Volume for December 21

Equities Staff |

Progressive Corp. (PGR) experienced unusually high volume on Dec. 21, as the stock lost 2.06% to a closing price of $30.83. The stock saw 5.72 million shares trade hands over the course of the day on 27,218 trades. Given that the stock’s average daily volume over the last month has been 3.68 million shares a day, this represents a pretty substantial spike over the norm.

Progressive Corp. has a P/B ratio of 2.41. It also has a P/E ratio of 14. The stock has traded between $33.95 and $25.23 over the last 52-weeks, its 50-day SMA is now $31.80, and its 200-day SMA $29.45.

Progressive Corp is an insurance holding company, whose subsidiaries provides personal and commercial automobile insurance and other property-casualty insurance and related services throughout the United States.

Headquartered in Mayfield Village, OH, Progressive Corp. has 26,501 employees and is currently under the leadership of CEO Glenn M. Renwick.

For a complete fundamental analysis analysis of Progressive Corp., check out Equities.com’s Stock Valuation Analysis report for PGR. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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