Is Loews Corp (L) Stock About to Get Hot Thursday?

The market has been high on Loews Corp (L) stock recently. L gets a Bullish score from InvestorsObserver Stock 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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With L Stock Today?

Loews Corp (L) stock is trading at $78.41 as of 2:23 PM on Thursday, Mar 28, a gain of $0.31, or 0.4% from the previous closing price of $78.10. The stock has traded between $78.11 and $78.47 so far today. Volume today is low. So far 171,660 shares have traded compared to average volume of 759,289 shares.

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.