Loews Corporation (L) : The money flow analysis of Loews Corporation (L) indicates a $3.12 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $11.36 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 3.64 and so was the total money flow at $8.25 million. The bulls lapped up $7.87 million worth of block trades on upticks. The money flow was $7.87 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Loews Corporation (L), pushing it down by -0.37% for the day. The stock slid $0.15 and traded at $40.63 during the day. Nonetheless, the stock is -0.68% over the previous weeks close.
The company Insiders own 11.7% of Loews Corporation shares according to the proxy statements. Institutional Investors own 56.75% of Loews Corporation shares. 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.
Shares of Loews Corporation rose by 2.97% in the last five trading days and 3.57% for the last 4 weeks. Loews Corporation is up 6.68% in the last 3-month period. Year-to-Date the stock performance stands at 7.67%.
Loews Corporation (NYSE:L): stock turned positive on Tuesday. Though the stock opened at $41, the bulls momentum made the stock top out at $41.32 level for the day. The stock recorded a low of $40.89 and closed the trading day at $41.21, in the green by 1.43%. The total traded volume for the day was 726,983. The stock had closed at $40.63 in the previous days trading.
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.