Is Loews Corp (L) a Stock to Watch After Gaining 1.48% This Week?

Loews Corp (L) stock has risen 1.48% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Loews Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on L!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With L Stock Today?

Loews Corp (L) stock is lower by -0.34% while the S&P 500 has risen 1.78% as of 2:41 PM on Thursday, Nov 2. L is lower by -$0.22 from the previous closing price of $65.15 on volume of 387,560 shares. Over the past year the S&P 500 has risen 11.85% while L has risen 14.94%. L earned $5.83 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.13.

More About Loews Corp

Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels. Click Here to get the full Stock Report for Loews Corp stock.