On a relative basis, the stock has outperformed the S&P 500 by 1.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.48% in the last 1 week, and is up 1.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.68% and the 50-Day Moving Average is 1.76%.The 200 Day SMA reached 7.55%. Loews Corporation is up 3.71% in the last 3-month period. Year-to-Date the stock performance stands at 8.93%.
Loews Corporation (NYSE:L): After opening at $41.45, the stock dipped to an intraday low of $41.38 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $41.685 and the buying power remained strong till the end. The stock closed at $41.63 for the day, a gain of 0.77% for the day session. The total traded volume was 732,178. The stocks close on the previous trading day was $41.31.
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.