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Shares of Loews Corp. (L) inched 0.72% higher to $56.03 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. This was the stock's third consecutive day of gains. Loews Corp. closed $12.17 short of its 52-week high ($68.20), which the company reached on April 21st.
The stock underperformed when compared to some of its competitors Thursday, as Chubb Ltd. (CB) rose 0.85% to $209.04, Progressive Corp. (PGR) rose 1.68% to $128.02, and Travelers Cos. Inc. (TRV) rose 0.99% to $182.93. Trading volume (651,625) remained 203,862 below its 50-day average volume of 855,487.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 17:05 ET (22:05 GMT)
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