Loews Corporation (L) : Traders are increasing their bearish positions on the stock, as is visible by the 2.1% jump in the outstanding short positions; a total addition of 75,256 shares on the sell side. On Jul 29, 2016, the total short positions were 3,623,767 shares, which went up to 3,699,023 shares by the close of trading on August 15, 2016. It will take 6 days for the bears to roll over or cover. An average of 632,194 shares exchange hands daily. 1.3% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Loews Corporation (NYSE:L): The stock opened at $41.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $41.67 for the day. The stock traded down to $41.38 during the day, due to lack of any buying support eventually closed down at $41.47 with a loss of -0.02% for the day. The stock had closed at $41.48 on the previous day. The total traded volume was 512,680 shares.
In a related news, Bower Joseph L, director of Loews Corp, unloaded 072 shares at an average price of $39.95 on June 10, 2016. The total amount of the transaction was worth $2,876, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas, and operation of a chain of hotels. The Companys subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels). CNAs insurance products primarily include commercial property and casualty coverages, including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.