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Progressive Corp. stock falls Thursday, underperforms market

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Terrence Horan

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Shares of Progressive Corp. PGR, +2.03% slid 0.89% to $90.01 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.37% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.43% rising 1.56% to 34,912.56. Progressive Corp. closed $17.58 short of its 52-week high ($107.59), which the company achieved on May 14th.

The stock underperformed when compared to some of its competitors Thursday, as Travelers Cos. Inc. TRV, +2.12% rose 0.19% to $156.69, Allstate Corp. ALL, +1.45% rose 0.88% to $126.81, and Selective Insurance Group Inc. SIGI, +1.15% rose 0.97% to $78.10. Trading volume (3.6 M) eclipsed its 50-day average volume of 2.3 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.