Loews Corp.’s recently made public that its Senior Vice President SIEGEL KENNETH I unloaded Company’s shares for reported $0.48 million on Mar 06 ’24. In the deal valued at $75.50 per share,6,322 shares were sold. As a result of this transaction, SIEGEL KENNETH I now holds 6,993 shares worth roughly $0.53 million.
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Then, BERMAN ANN E sold 951 shares, generating $71,344 in total proceeds. Upon selling the shares at $75.02, the Director now owns 3,292 shares.
Before that, DIKER CHARLES M sold 951 shares. Loews Corp. shares valued at $71,344 were divested by the Director at a price of $75.02 per share. As a result of the transaction, DIKER CHARLES M now holds 18,200 shares, worth roughly $1.39 million.
Deutsche Bank reiterated its Loews Corp. [L] rating to a Hold in a research note published on November 02, 2016; the price target was $43. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. Deutsche Bank also remained covering L and has decreased its forecast on March 24, 2014 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank started covering the stock on September 04, 2013. It rated L as “a Buy”.
Price Performance Review of L
On Friday, Loews Corp. [NYSE:L] saw its stock fall -1.24% to $76.45. Over the last five days, the stock has lost -0.68%. Loews Corp. shares have risen nearly 9.86% since the year began. Nevertheless, the stocks have risen 40.43% over the past one year. While a 52-week high of $77.89 was reached on 03/21/24, a 52-week low of $52.85 was recorded on 01/02/24. SMA at 50 days reached $74.08, while 200 days put it at $66.56. A total of 0.57 million shares were traded, compared to the trading of 0.59 million shares in the previous session.
Levels Of Support And Resistance For L Stock
The 24-hour chart illustrates a support level at 76.03, which if violated will result in even more drops to 75.60. On the upside, there is a resistance level at 77.28. A further resistance level may holdings at 78.10. The Relative Strength Index (RSI) on the 14-day chart is 58.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.34%. Stochastics %K at 81.90% indicates the stock is a selling.
How much short interest is there in Loews Corp.?
A steep rise in short interest was recorded in Loews Corp. stocks on Feb 29, 2024, dropping by -0.3 million shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.59 million shares. There was a decline of -23.26%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.82% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.38.
The most recent change occurred on June 23, 2009 when Susquehanna Financial began covering the stock and recommended ‘”a Positive”‘ rating .
