Why Progressive Stock Got Slammed on Thursday
Progressive(PGR) The Motley Fool·2025-04-17 23:12What the stock market gives, the stock market can take away. A mere one day after Progressive (PGR -3.53%) delivered first-quarter results that satisfied investors, a recommendation downgrade by an analyst on Thursday made the stock something of a pariah.It closed that session almost 4% lower, on a day when the benchmark S&P 500 index managed to crawl 0.1% higher.Going down with a downgradeI should mention that several analysts weighed in with bullish takes on Progressive's earnings on Thursday, with no les ...