Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lowe’s Companies Inc. shares valued at $2,521,171 were sold by Godbole Seemantini on Aug 19. At $214.37 per share, Godbole Seemantini sold 11,761 shares. The insider’s holdings dropped to 26,575 shares worth approximately $5.0 million following the completion of this transaction.
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Also, Boltz William P sold 98,632 shares, netting a total of over 21,042,235 in proceeds. Following the sale of shares at $213.34 each, the insider now holds 25,110 shares.
As published in a research note from Wedbush on August 18, 2022, Lowe’s Companies Inc. [LOW] has been retained to a Neutral and the price target has been revised to $225. This represents a 16.39% premium over Thursday’s closing price. Analysts at UBS resumed the stock at ‘”a Buy”‘ outlook in a report released in mid August. As of August 18, 2022, Truist has reiterated its “Buy” rating for LOW. Earlier on August 18, 2022, Jefferies resumed its rating. Their recommendation was “a Buy” for LOW stock.
Analyzing LOW’s Price Performance
On Thursday, Lowe’s Companies Inc. [NYSE: LOW] plunged -0.13% to $188.12. The stock’s lowest price that day was $186.5102, but it reached a high of $189.78 in the same session. During the last five days, there has been a drop of approximately -1.53%. Over the course of the year, Lowe’s Companies Inc. shares have dropped approximately -27.22%. Shares of the company reached a 52-week high of $260.83 on 01/04/22 and a 52-week low of $170.12 on 06/22/22. A 50-day SMA is recorded $197.75, while a 200-day SMA reached $210.60. Nevertheless, trading volume fell to 2.85 million shares from 2.93 million shares the previous day.
Support And Resistance Levels for Lowe’s Companies Inc. (LOW)
According to the 24-hour chart, there is a support level at 186.49, which, if violated, would cause prices to drop to 184.87. In the upper region, resistance lies at 189.76. The next price resistance is at 191.41. RSI (Relative Strength Index) is 38.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.54, which suggests the price will decrease in the coming days. Percent R is at 92.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Lowe’s Companies Inc. subject to short interest?
Stocks of Lowe’s Companies Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 60000.0 shares to 12.39 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.33 million shares. A jump of 0.48% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.28 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.28.
Which companies own the most shares of Lowe’s Companies Inc. (LOW)?
According to The Vanguard Group, Inc. filings, the company currently owns 53,843,136 shares, which is about 8.68% of the total LOW shares outstanding. The investor’s shares have plunged by -628,596 from its previous 13-F filing of 54471732.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $5,761,594,898. SSgA Funds Management, Inc. reduced a -4.60% interest valued at $5.33 billion while Fidelity Management & Research Co sold a -1,498,771 stake. A total of -125,348 shares of Lowe’s Companies Inc. were sold by JPMorgan Investment Management, I during the quarter, and 95,938 were bought by Geode Capital Management LLC. In its current portfolio, Pershing Square Capital Managemen holds 10,207,306 shares valued at $1.98 billion.
In spite of this, 31 analysts ranked Lowe’s Companies Inc. stock as an Overweight at the end of 2022. On August 18, 2022, Goldman assigned a price target of “a Buy” to the stock and reiterated coverage with a $252.