What Can History Teach Us About Loews Corporation (L) and CenterPoint Energy Inc. (CNP)?

On Sep 09, Alpert Marc A, Sr. VP, Gen. Coun. & Secy. sold 1,626 shares of Loews Corporation (NYSE: L), with the average selling price of the stock being $49.26 per share. The total amount realized from this sold $80,097. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Director – DIKER CHARLES M exercised an option an extra 1,500 shares of this stock in a transaction that took place a day before, on Sep 03, with a share exercised an option at an average of $34.64 and a total of $51,960 was realized from this transaction. After the transaction, the Director – DIKER CHARLES M was left with 11,137 shares of the company’s stock, which is currently worth around $385785.68.

The recent price movement of L means that it is now down by -9.20% from its 52-week high and 21.33% up against its 52-week low prices. Over the past one week, the price volatility of L stands at 1.56% while the volatility over the past one month is 1.40%. The beta score for this stock is 0.65. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/28/2019 published its latest quarterly earnings, with the report showing that the company recorded -0.28 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.52 by -0.8.

The shares of Loews Corporation (L) gained by 0.31%, leading to a gain of $0.16 per share, and saw L end the trading session at $51.03 on Thursday 11/07/19. L started the trading session at $51.14, before reaching a daily high of $51.49. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $50.89.

The trading volume on Thursday stood at 1034506, which was below the stock’s 3-month average volume of 977.05K shares, out of a total 254.15M shares. As the price of the stock climbed, the market valuation of the company gained to 14.94 billion.

The shares of CenterPoint Energy Inc. (NYSE: CNP) went up by 0.80% by the end of the recent trading session. This movement saw its price surge to close at $29.00, which was higher than the previous closing price of $28.77. Over the past one week, the price of CNP has slipped by -0.24%, while it has recorded a gain of 3.06% over the past one month. Its three-month performance saw CNP gain 5.00% while its six-month performance saw it drop by -2.23%. The situation is different though over the past one year, as the stock price went up by 4.32%, while its year-to-date (YTD) price performance jumped by 2.73%. The stock price has gone up by +6.77% compared to its 90-day low, while it is down -5.57% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 4,131,430 shares, with the short-term indicators averagely rating the stock as a Hold. A look at its medium-term indicators reveals that it has a 50-Day average volume of 4,536,562 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see CNP stock with a 100-Day average volume of 4,365,997 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves CNP with an average rating of 24% Sell.

Several brokerage firms sent out their reports CNP stock not long ago. In its report sent out on September 06, 2019, Stifel lowered its ratings on CNP from a Hold to a Buy. In an earlier report on August 13, 2019, Barclays Upgrade the stock from a Equal Weight to a Overweight. Morgan Stanley meanwhile in its report on June 05, 2019 Initiated its rating of the stock to “Equal-Weight”.

In related news to the company’s stock, around 83.70% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 695 institutions currently hold the CNP stock. In the last quarter, a 410,119,219 CNP shares were in the possession of institutions. On the other hand, the company recorded 69 new institutions who bought it their stock, while 80 institutions sold their entire CNP reserve. Of the current institutions investing in the stock, 303 increased their investment while 311 decreased their investment in the stock.