Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 12.36% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $92.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Progressive is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Progressive is bullish.
The RSI indicator is at 37.9 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Progressive
Will Allstate's (ALL) SafeAuto Purchase Aid Its Motor Business?
Wed, 02 Jun 2021 16:32:04 +0000
The acquisition of SafeAuto will capitalize on Allstate's (ALL) earlier buyout of National General and enlarge its share in the Auto insurance market.
Protective Insurance Acquired by Progressive
Tue, 01 Jun 2021 15:06:00 +0000
MAYFIELD VILLAGE, Ohio, June 01, 2021 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE: PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 1
Progressive Completes Acquisition of Protective Insurance
Tue, 01 Jun 2021 14:56:00 +0000
MAYFIELD VILLAGE, OHIO, June 01, 2021 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE: PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 1
How Lemonade, Progressive, and Other Insurers Are Managing Extreme Weather Risks
Sat, 29 May 2021 12:10:00 +0000
Insurers faced larger-than-expected losses in the first quarter due to the Texas freeze. Here's why they will be OK.
Progressive (NYSE:PGR) Has Gifted Shareholders With A Fantastic 256% Total Return On Their Investment
Fri, 28 May 2021 09:40:05 +0000
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares…
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