Loews Corp.’s recent filing unveils 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.
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 $1.38 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 Monday, Loews Corp. [NYSE:L] saw its stock fall -0.78% to $76.06. Over the last five days, the stock has lost -1.83%. Loews Corp. shares have risen nearly 9.30% since the year began. Nevertheless, the stocks have risen 35.29% over the past one year. While a 52-week high of $78.55 was reached on 03/28/24, a 52-week low of $55.31 was recorded on 01/02/24. SMA at 50 days reached $75.11, while 200 days put it at $67.47. A total of 0.63 million shares were traded, compared to the trading of 43863.0 shares in the previous session.
Levels Of Support And Resistance For L Stock
The 24-hour chart illustrates a support level at 75.78, which if violated will result in even more drops to 75.50. On the upside, there is a resistance level at 76.57. A further resistance level may holdings at 77.08. The Relative Strength Index (RSI) on the 14-day chart is 48.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.03%. Stochastics %K at 18.87% indicates the stock is a buying.
How much short interest is there in Loews Corp.?
A steep rise in short interest was recorded in Loews Corp. stocks on Mar 15, 2024, growing by 0.54 million shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.16 million shares. There was a rise of 31.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.08.
The most recent change occurred on June 23, 2009 when Susquehanna Financial began covering the stock and recommended ‘”a Positive”‘ rating .
