Progressive Stock Moves Above 50-Day SMA: What Should Investors Know?

Shares of The Progressive Corporation (PGR) closed at $249.13, 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 ...