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Shares of Loews Corp. (L) inched 0.37% higher to $57.31 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. This was the stock's seventh consecutive day of gains. Loews Corp. closed $10.89 short of 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 0.53% to $214.15, Progressive Corp. (PGR) rose 0.77% to $131.09, and Travelers Cos. Inc. (TRV) rose 0.47% to $188.01. Trading volume (524,291) remained 311,771 below its 50-day average volume of 836,062.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 17:06 ET (22:06 GMT)
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