Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Loews Corp. shares valued at $72,995 were sold by HARRIS WALTER L on Jun 03 ’24. At $75.80 per share, HARRIS WALTER L sold 963 shares. The insider’s holdings dropped to 22,906 shares worth approximately $1.72 million following the completion of this transaction.
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Also, FRIBOURG PAUL J sold 963 shares, netting a total of over 72,995 in proceeds. Following the sale of shares at $75.80 each, the insider now holds 0 shares.
Before that, WELTERS ANTHONY had sold 963 shares from its account. In a trade valued at $72,995, the Director traded Loews Corp. shares for $75.80 each. Upon closing the transaction, the insider’s holdings decreased to 963 shares, worth approximately $0.74 million.
As published in a research note from Deutsche Bank on November 02, 2016, Loews Corp. [L] has been retained to a Hold and the price target has been revised to $43. Analysts at Deutsche Bank resumed the stock at ‘”a Hold”‘ outlook in a report released in early August. As of March 24, 2014, Deutsche Bank has decreased its “Buy” rating to a “Hold” for L. Earlier on September 04, 2013, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for L stock.
Analyzing L Stock Performance
During the last five days, there has been a drop of approximately -1.56%. Over the course of the year, Loews Corp. shares have jumped approximately 8.15%. Shares of the company reached a 52-week high of $78.55 on 03/28/24 and a 52-week low of $69.64 on 01/02/24. A 50-day SMA is recorded $75.87, while a 200-day SMA reached $71.48. Nevertheless, trading volume fell to 0.51 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Loews Corp. (L)
According to the 24-hour chart, there is a support level at 74.86, which, if violated, would cause prices to drop to 74.46. In the upper region, resistance lies at 75.47. The next price resistance is at 75.68. RSI (Relative Strength Index) is 48.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 60.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
