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Shares of Loews Corp. (L) slipped 2.14% to $54.46 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. The stock's fall snapped a three-day winning streak. Loews Corp. closed $13.74 below 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) fell 1.08% to $210.12, Progressive Corp. (PGR) fell 1.08% to $127.70, and Travelers Cos. Inc. (TRV) fell 1.49% to $182.15. Trading volume (661,862) remained 232,094 below its 50-day average volume of 893,956.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 17:05 ET (22:05 GMT)
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