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Insider Selling Buzz: Loews Corp. [L] Director HARRIS WALTER L sold 963 shares of the company

Loews Corp.’s recently made public that its Director HARRIS WALTER L unloaded Company’s shares for reported $72995.0 on Jun 03 ’24. In the deal valued at $75.80 per share,963 shares were sold. As a result of this transaction, HARRIS WALTER L now holds 22,906 shares worth roughly $1.72 million.

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Then, FRIBOURG PAUL J sold 963 shares, generating $72,995 in total proceeds. Upon selling the shares at $75.80, the Director now owns 0 shares.

Before that, WELTERS ANTHONY sold 963 shares. Loews Corp. shares valued at $72,995 were divested by the Director at a price of $75.80 per share. As a result of the transaction, WELTERS ANTHONY now holds 9,845 shares, worth roughly $0.74 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 Tuesday, Loews Corp. [NYSE:L] saw its stock jump 0.28% to $74.94. Over the last five days, the stock has lost -1.58%. Loews Corp. shares have risen nearly 7.69% since the year began. Nevertheless, the stocks have risen 26.20% over the past one year. While a 52-week high of $78.55 was reached on 03/28/24, a 52-week low of $58.81 was recorded on 01/02/24. SMA at 50 days reached $75.91, while 200 days put it at $71.64. A total of 0.57 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For L Stock

The 24-hour chart illustrates a support level at 74.38, which if violated will result in even more drops to 73.81. On the upside, there is a resistance level at 75.26. A further resistance level may holdings at 75.57. The Relative Strength Index (RSI) on the 14-day chart is 46.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.33%. Stochastics%K at 29.65% indicates the stock is a holding.

The most recent change occurred on June 23, 2009 when Susquehanna Financial began covering the stock and recommended ‘”a Positive”‘ rating.

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