Loews Corp. Stock Rises Monday, Still Underperforms Market

Cummins Inc

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Industrials : Machinery | Mid Cap Blend

Company profile

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas, electric and hybrid powertrains and powertrain-related components. It is also a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck. The Distribution segment consists of sales and support of a range of products and services. including power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products, electronics and fuel systems. The Power Systems segment consists of businesses, including power generation, industrial and generator technologies. The New Power segment focuses on hydrogen production and electric drive systems.

Loews Corp. Stock Rises Monday, Still Underperforms Market

5:05 pm ET October 24, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Loews Corp. (L) inched 0.63% higher to $55.85 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.19% to 3,797.34 and the Dow Jones Industrial Average rising 1.34% to 31,499.62. This was the stock's second consecutive day of gains. Loews Corp. closed $12.35 below its 52-week high ($68.20), which the company reached on April 21st.

The stock underperformed when compared to some of its competitors Monday, as Chubb Ltd. (CB) rose 2.83% to $203.38, Progressive Corp. (PGR) rose 0.66% to $123.26, and Travelers Cos. Inc. (TRV) rose 2.02% to $179.79. Trading volume (603,090) remained 293,791 below its 50-day average volume of 896,881.

Data source: Dow Jones Market Data, FactSet. Data compiled October 24, 2022.

(END) Dow Jones Newswires

October 24, 2022 17:05 ET (21:05 GMT)