Loews Corp.’s recent filing unveils that its Co-Ch. of Bd/Off. of the Pres. TISCH JONATHAN M unloaded Company’s shares for reported $2.99 million on Sep 06 ’24. In the deal valued at $79.67 per share,37,500 shares were sold. As a result of this transaction, TISCH JONATHAN M now holds 6,744,134 shares worth roughly $535.15 million.
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Then, TISCH JONATHAN M sold 25,000 shares, generating $1,991,729 in total proceeds. Upon selling the shares at $79.67, the Co-Ch. of Bd/Off. of the Pres. now owns 411,395 shares.
Before that, TISCH JONATHAN M sold 75,000 shares. Loews Corp. shares valued at $6,150,691 were divested by the Co-Ch. of Bd/Off. of the Pres. at a price of $82.01 per share. As a result of the transaction, TISCH JONATHAN M now holds 6,844,134 shares, worth roughly $543.08 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 jump 1.46% to $79.35. Over the last five days, the stock has gained 0.09%. Loews Corp. shares have risen nearly 14.03% since the year began. Nevertheless, the stocks have risen 23.43% over the past one year. While a 52-week high of $83.54 was reached on 07/29/24, a 52-week low of $62.18 was recorded on 01/02/24. SMA at 50 days reached $78.89, while 200 days put it at $76.09.
Levels Of Support And Resistance For L Stock
The 24-hour chart illustrates a support level at 78.71, which if violated will result in even more drops to 78.07. On the upside, there is a resistance level at 79.90. A further resistance level may holdings at 80.45. The Relative Strength Index (RSI) on the 14-day chart is 53.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.00%. Stochastics %K at 64.67% indicates the stock is a holding.
How much short interest is there in Loews Corp.?
A steep rise in short interest was recorded in Loews Corp. stocks on 2024-09-30, dropping by -0.11 million shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.74 million shares. There was a decline of -6.94%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 23, 2009 when Susquehanna Financial began covering the stock and recommended ‘”a Positive”‘ rating .
