Progressive (PGR) Bear Analysis via /r/wallstreetbets #stocks #wallstreetbets #investing

Progressive (PGR) Bear Analysis

I remembered seeing this post from a month ago about how progressive is overvalued and has avoided the recession to this point, and surprisingly progressive has only stayed up since then. WSB has been wrong before, but what has shocked me most about progressive is their 5 year chart, 1 year chart with lack of financial growth in the past year, and a wild P/E ratio of 88. I think PGR is due for a much needed correction in the near future.

Positions: 11/18 $125 Puts

Submitted August 31, 2022 at 04:55PM by TheIronButt
via reddit