Loews Corporation (L) has risen sharply, recording gains of 0.91% in the past 4 weeks. However, the stock has corrected -0.44% in the past 1 week, providing a good buying opportunity on dips. Loews Corporation (L) : During the past 4 weeks, traders have been relatively bearish on Loews Corporation (L), hence the stock is down -1.54% 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 -0.86% relative to the S&P 500.
Loews Corporation (NYSE:L): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.68 and $40.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.15, notching a gain of 1.88% for the day. The total traded volume was 584,236 . The stock had closed at $40.39 on the previous day.
The stock has recorded a 20-day Moving Average of 0.31% and the 50-Day Moving Average is 1.71%. Loews Corporation is up 3.92% in the last 3-month period. Year-to-Date the stock performance stands at 7.51%.
Loews Corporation (L) : The consensus price target for Loews Corporation (L) is $40 for the short term with a standard deviation of $2.83. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $42, however, the pessimist price target for the company is $38.
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.