L Stock Summary and Trading Ideas (Loews | NYSE:L)

Loews Corp is a holding company that is supported by a variety of businesses. Its majority revenue generating 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.

Loews trades on the NYSE stock market under the symbol L.

As of December 11, 2024, L stock price climbed to $84.75 with 757,948 million shares trading.

L has a beta of 0.22, meaning it tends to be less sensitive to market movements. L has a correlation of 0.03 to the broad based SPY ETF.

L has a market cap of $18.35 billion. This is considered a Large Cap stock.

In the last 3 years, L traded as high as $87.45 and as low as $49.36.

The top ETF exchange traded funds that L belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

L has underperformed the market in the last year with a price return of +21.9% while the SPY ETF gained +33.0%. L has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +9.1% and -2.6%, respectively, while the SPY returned +9.9% and +1.4%, respectively.

L support price is $83.26 and resistance is $84.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that L shares will trade within this expected range on the day.