Loews Corporation (L) : During the past 4 weeks, traders have been relatively bearish on Loews Corporation (L), hence the stock is down -1.79% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.27% relative to the S&P 500. The 4-week change in the price of the stock is -0.77% and the stock has fallen -0.22% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.05% and the 50-Day Moving Average is 1.31%. Loews Corporation (NYSE:L): On Fridays trading session , Opening price of the stock was $41.05 with an intraday high of $41.21. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $40.89. However, the stock managed to close at $41.06, a loss of 0.48% for the day. On the previous day, the stock had closed at $41.26. The total traded volume of the day was 553,334 shares.
The company Insiders own 11.7% of Loews Corporation shares according to the proxy statements. Institutional Investors own 57.4% of Loews Corporation shares.
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.