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 $534.61 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 $542.53 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 0.39% to $79.27. Over the last five days, the stock has lost -0.38%. Loews Corp shares have risen nearly 13.91% since the year began. Nevertheless, the stocks have risen 21.67% over the past one year. While a 52-week high of $83.54 was reached on 07/29/24, a 52-week low of $64.06 was recorded on 01/02/24. SMA at 50 days reached $79.67, while 200 days put it at $76.82.
Levels Of Support And Resistance For L Stock
The 24-hour chart illustrates a support level at 78.77, which if violated will result in even more drops to 78.27. On the upside, there is a resistance level at 79.92. A further resistance level may holdings at 80.58. The Relative Strength Index (RSI) on the 14-day chart is 47.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.06%. Stochastics %K at 20.63% 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 2024-10-15, growing by 78343.0 shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.59 million shares. There was a rise of 4.69%, which implies that there is a positive 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 .
