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What Investors Need to Know on Power Shares QQQ Trust & Progressive Corp: (NASDAQ: QQQ), (NYSE: PGR)


New York, NY -- (ReleaseWire) -- 04/10/2013 --PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) traded at $ 68.68 in the last session, which is +0.46 (0.67%). The stock has a Range of 68.09 - 68.96. The stock has a 52 week low and high of 60.04 - 70.58 respectively. The stock has a Market Cap of 34.66B. The stock traded a volume of 30.93M. The stock has a 30 day average volume of 30.15M.

PowerShares QQQ Trust, Series 1 (the Trust) is a unit investment trust that issues securities called PowerShares QQQ Index Tracking Stock. The Trust holds all of the component securities of the Nasdaq-100 Index (the Index).

Find out what investors and traders need to know on QQQ here:

Progressive Corp. (NYSE: PGR) recently surveyed 500 consumers about their knowledge of auto insurance pricing and found that63 percent of respondents didn’t know that the bad driving of others affected their car insurance rates.

Men were less likely than women to think bad drivers affect everyone’s rates.

At 30%, young consumers (ages 18-34) had the lowest awareness of any age group. 89% of respondents said they would be upset if they found out they’re paying more to offset the costs of underpriced drivers.

Insurance companies commonly price consumers by comparing them to drivers with whom they share basic characteristics, like age, gender, or vehicle year, make and model. These factors do not directly reflect individual driving habits, but until Snapshot, there wasn’t a simple, reliable way to include how a driver actually drives when calculating a customer’s rate. The result: Rate Suckers paying less than the risk they present, and good drivers paying more to cover the costs.

Get the latest news on PGR here:

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