Overall market sentiment has been high on Progressive Corp (PGR) stock lately. PGR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Progressive Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PGR!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PGR Stock Today?
Progressive Corp (PGR) stock is trading at $131.40 as of 1:33 PM on Thursday, Dec 1, a drop of -$0.75, or -0.57% from the previous closing price of $132.15. The stock has traded between $129.03 and $134.50 so far today. Volume today is light. So far 1,219,983 shares have traded compared to average volume of 2,481,487 shares.
To see InvestorsObserver's Sentiment Score for Progressive Corp click here.
More About Progressive Corp
Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth-largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Click Here to get the full Stock Report for Progressive Corp stock.
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