US Stock in News (PGR, ASML, EBAY)

Stock of Progressive Corporation (NYSE: PGR) was trading flat in the morning trade. It was up marginally by 3 cents or 0.15% and was trading at $19.87. The Company announced its Q2 results which were far below the expectations of the analysts. They were expecting it to be around 47 cents per share which came out to be just 32 cents per share a fall of 15% compare to the quarter year ago. The stock witnessed an intraday low of $19.52 and an intraday high of $19.92. The stock was trading with a volume of 2 million shares compared to an average volume of 4 million shares on the exchange. In the last one year the stock has witnessed a low of $14.41 and a high of $20.94. Last checked, the stock was trading at $19.97, up by 13 cents.

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ASML Holding N.V (NASDAQ: ASML) today announced its Q2 earnings for the current fiscal year. The Company posted a profit of Euro 239 million compared to a loss of Euro 104 million in the quarter a year ago. Revenue of the company rose to Euro 1.07 billion compared to Euro 277 million a year ago. The reaction to the earnings is clearly visible on the stock which was up by nearly 2% in the morning trade. The stock was trading at $31.83 up by 56 cents. The stock witnessed an intraday low of $31.80 and an intraday high of $32.28. The stock was trading with a volume of more than 3 million shares compared to an average volume of 2.5 million shares on the exchange.

Stock price of eBay Inc (NASDAQ: EBAY) was up marginally by 1.14% in the morning trade. The stock was trading at $21.24 with a volume of 5 million shares compared to an average volume of 18 million shares on the exchange. Goldman Sachs (NYSE: GS) have downgraded its EPS estimates on the company and maintain its ‘neutral’ rating on the shares with a new price target of $23. The stock witnessed an intraday high of $21.28 and an intraday low of $20.69. EBay Inc (NASDAQ: EBAY) has an online marketplace ebay which connects buyers and sellers globally on a daily basis.

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