Loews Corp. Stock Falls Friday, Underperforms Market
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Shares of Loews Corp. (L) slid 1.10% to $55.97 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.92% to 3,992.93 and the Dow Jones Industrial Average rising 0.10% to 33,747.86. Loews Corp. closed $12.23 short of its 52-week high ($68.20), which the company achieved on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Chubb Ltd. (CB) fell 2.67% to $206.26, Progressive Corp. (PGR) fell 2.71% to $126.23, and Travelers Cos. Inc. (TRV) fell 0.86% to $181.73. Trading volume (659,150) remained 221,624 below its 50-day average volume of 880,774.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2022.
(END) Dow Jones Newswires
November 11, 2022 17:05 ET (22:05 GMT)
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