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Shares of Loews Corp. (L) slipped 0.13% to $54.54 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.67% to 3,695.16 and Dow Jones Industrial Average falling 0.33% to 30,423.81. The stock's fall snapped a two-day winning streak. Loews Corp. closed $13.66 short of its 52-week high ($68.20), which the company achieved on April 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Chubb Ltd. (CB) rose 0.68% to $195.98, Progressive Corp. (PGR) rose 0.78% to $121.20, and Travelers Cos. Inc. (TRV) rose 4.44% to $174.17. Trading volume (616,979) remained 273,865 below its 50-day average volume of 890,844.
Data source: Dow Jones Market Data, FactSet. Data compiled October 19, 2022.
(END) Dow Jones Newswires
October 19, 2022 17:05 ET (21:05 GMT)
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