Loews Corporation (NYSE:L) has risen sharply, recording gains of 2.49% in the past 4 weeks. However, the stock has corrected -0.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 4.11% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $41.25 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $40.12 and the 200 Day Moving Average price is recorded at $38.35.
The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 2.03%.
Loews Corporation (NYSE:L): stock turned positive on Friday. Though the stock opened at $40.65, the bulls momentum made the stock top out at $40.82 level for the day. The stock recorded a low of $40.43 and closed the trading day at $40.78, in the green by 1.62%. The total traded volume for the day was 761,801. The stock had closed at $40.13 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Bower Joseph L, director of Loews Corp, had unloaded 072 shares at an average price of $39.95 in a transaction dated on June 10, 2016. The total value of the transaction was worth $2,876.
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas, and operation of a chain of hotels. The Companys subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels). CNAs insurance products primarily include commercial property and casualty coverages, including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.