Shares of Progressive Corp.
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
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
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.
rose 0.19% to $156.69, Allstate Corp.
rose 0.88% to $126.81, and Selective Insurance Group Inc.
rose 0.97% to $78.10. Trading volume (3.6 M) eclipsed its 50-day average volume of 2.3 M.