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Updated · MarketWatch · Apr 30Loews Corp stock rises and outperforms competitors
7 articles · Updated · MarketWatch · Apr 30
- Shares gained 1.26% to $112.61 on Thursday, with trading volume of 856,083 topping the 50-day average of 647,707.
- The stock finished 1.99% below its 52-week high of $114.90 reached on 9 February, while beating Chubb, Progressive and Travelers on the day.
- The move came in a broad market rally, with the S&P 500 up 1.02% to 7,209.01 and the Dow Jones Industrial Average rising 1.62% to 49,652.14.
With a $1.2B legal judgment looming, is Loews' stock surge masking a massive hidden risk? As rivals warn of 'dumb' price wars, can Loews thrive in a softening insurance market?