Loews Corp. Stock Rises Wednesday, Outperforms Market
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Shares of Loews Corp. (L) inched 0.09% higher to $55.63 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.83% to 3,958.79 and Dow Jones Industrial Average falling 0.12% to 33,553.83. This was the stock's second consecutive day of gains. Loews Corp. closed $12.57 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) rose 0.31% to $207.28, Progressive Corp. (PGR) rose 2.32% to $125.91, and Travelers Cos. Inc. (TRV) rose 0.91% to $181.14. Trading volume (772,984) remained 87,381 below its 50-day average volume of 860,365.
Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2022.
(END) Dow Jones Newswires
November 16, 2022 17:05 ET (22:05 GMT)
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