Loews Corporation (L) Dips 2.61% for October 28

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday October 28 was Loews Corporation (L). The stock experienced a 2.61% decline to $33.26 with 972,311 shares changing hands.

Loews Corporation started at an opening price of 33.19 and hit a high of $33.90 and a low of $33.12. Ultimately, the stock took a hit and finished the day at $0.89 per share. Loews Corporation trades an average of n/a shares a day out of a total 275.74 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Loews Corporation hit a high of $56.89 and a low of $27.33 over the last year.

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.

With its headquarters located in New York, NY, Loews Corporation employs 18,605 people. After today’s trading, the company’s market cap has fallen to $9.17 billion, a P/S of n/a, a P/B of 0.53, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Loews Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: L’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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