Loews Corporation (L) Stock: Worthy of a Trade, Wary of an Investment

The stock of Loews Corporation (NYSE:L) has been Reiterated to Hold by Deutsche Bank in its latest research note that was published on November 02. L has given a price target of $43 by Deutsche Bank, with other Wall Street analysts also giving their reports regarding the stock. Deutsche Bank analysts again handed out a Hold rating to L stock but they lifted target price for the shares in a flash note to investors on August 06. The price target has been raised from $48 to $44. Analysts at Deutsche Bank downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to March 24.

Loews Corporation, which has current market capitalization of above $15 Billion, published its last quarter earnings on June 30, 2019.

L surged by $0.47 during the normal trading session on Thursday and reaching a high of $50.50 during the day while it closed the day at $50.39. The Loews stock had a low trading volume of 0.93 million shares on that day, which is low compared to the average daily volume of 1.00M shares. L has also gained 2.92% of its value over the past 7 days. However, the stock has declined by 5.58% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.22% while it has added 10.70% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -10.34% from its 3 months high price. However, taking another look at L will indicate that it is trading +7.28% away from its 90-day low. Looking at the bigger picture, the Loews Corporation stock has dropped by -10.34% from its 52-week high while it has surged by +19.81% from its 52-week low price.

On September 09, 2019 Alpert Marc A, Sr. VP, Gen. Coun. & Secy. sold 1626 shares of the company. The average price for that transaction was $49.26 per share, which meant that Alpert Marc A earned $80096.76 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, LASKAWY PHILIP A selling 411 shares of this stock on September 03, 2019. The average selling price for the stock was $47.73 per share, with the sold stock accruing $19617.03. Following this transaction, the Director LASKAWY PHILIP A now holds 1500 shares of the company, which is worth around $75045.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 37.05%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 96.88%. Over the past 20 days, Loews’s Stochastic %K stood at 91.42% while its Stochastic %D was revealed to be 79.68%.