Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Loews Corp. shares valued at $2,987,594 were sold by TISCH JONATHAN M on Sep 06 ’24. At $79.67 per share, TISCH JONATHAN M sold 37,500 shares. The insider’s holdings dropped to 6,744,134 shares worth approximately $543.51 million following the completion of this transaction.
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Also, TISCH JONATHAN M sold 25,000 shares, netting a total of over 1,991,729 in proceeds. Following the sale of shares at $79.67 each, the insider now holds 411,395 shares.
Before that, TISCH JONATHAN M had sold 75,000 shares from its account. In a trade valued at $6,150,691, the Co-Ch. of Bd/Off. of the Pres. traded Loews Corp. shares for $82.01 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $551.57 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 surge of approximately 2.99%. Over the course of the year, Loews Corp. shares have jumped approximately 15.81%. Shares of the company reached a 52-week high of $83.54 on 07/29/24 and a 52-week low of $69.64 on 01/02/24. A 50-day SMA is recorded $79.10, while a 200-day SMA reached $76.25. Nevertheless, trading volume fell to 0.91 million shares from 0.62 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 80.17, which, if violated, would cause prices to drop to 79.74. In the upper region, resistance lies at 81.14. The next price resistance is at 81.69. RSI (Relative Strength Index) is 59.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 20.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
