Lowe’s Cos., Inc.’s filing revealed that its EVP, Chief Financial Officer Sink Brandon J unloaded Company’s shares for reported $1.51 million on Mar 07 ’24. In the deal valued at $242.01 per share,6,227 shares were sold. As a result of this transaction, Sink Brandon J now holds 17,022 shares worth roughly $3.92 million.
Then, Godbole Seemantini sold 27,292 shares, generating $6,559,330 in total proceeds. Upon selling the shares at $240.34, the EVP, Chief Information Officer now owns 21,246 shares.
Before that, Dupre Janice sold 5,380 shares. Lowe’s Cos., Inc. shares valued at $1,244,292 were divested by the EVP, Human Resources at a price of $231.28 per share. As a result of the transaction, Dupre Janice now holds 24,216 shares, worth roughly $5.57 million.
Gordon Haskett downgraded its Lowe’s Cos., Inc. [LOW] rating to a Hold from a a Accumulate in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. Mizuho began covering LOW with “Buy” recommendation on March 19, 2024. JP Morgan revised its rating on February 12, 2024. It rated LOW as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of LOW
On Monday, Lowe’s Cos., Inc. [NYSE:LOW] saw its stock fall -0.88% to $230.01. Over the last five days, the stock has lost -5.19%. Lowe’s Cos., Inc. shares have risen nearly 3.35% since the year began. Nevertheless, the stocks have risen 14.17% over the past one year. While a 52-week high of $262.49 was reached on 03/22/24, a 52-week low of $181.85 was recorded on 01/25/24. SMA at 50 days reached $238.06, while 200 days put it at $220.24. A total of 1.93 million shares were traded, compared to the trading of 2.12 million shares in the previous session.
Levels Of Support And Resistance For LOW Stock
The 24-hour chart illustrates a support level at 227.84, which if violated will result in even more drops to 225.66. On the upside, there is a resistance level at 233.52. A further resistance level may holdings at 237.02. The Relative Strength Index (RSI) on the 14-day chart is 36.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.79%. Stochastics %K at 5.15% indicates the stock is a buying.
