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Lowe’s Cos., Inc. [LOW] Shares Fall Approximately -4.94% Over the Year

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lowe’s Cos., Inc. shares valued at $1,506,996 were sold by Sink Brandon J on Mar 07 ’24. At $242.01 per share, Sink Brandon J sold 6,227 shares. The insider’s holdings dropped to 17,022 shares worth approximately $3.63 million following the completion of this transaction.

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Also, Godbole Seemantini sold 27,292 shares, netting a total of over 6,559,330 in proceeds. Following the sale of shares at $240.34 each, the insider now holds 21,246 shares.

Before that, Dupre Janice had sold 5,380 shares from its account. In a trade valued at $1,244,292, the EVP, Human Resources traded Lowe’s Cos., Inc. shares for $231.28 each. Upon closing the transaction, the insider’s holdings decreased to 5,380 shares, worth approximately $5.17 million.

As published in a research note from Gordon Haskett on April 03, 2024, Lowe’s Cos., Inc. [LOW] has been rated down from a Accumulate to a Hold and the price target has been revised to $245. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 19, 2024, Mizuho has initiated its “Buy” rating for LOW. Earlier on February 12, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for LOW stock which previously was a “a Neutral”.

Analyzing LOW Stock Performance

During the last five days, there has been a drop of approximately -2.42%. Over the course of the year, Lowe’s Cos., Inc. shares have dropped approximately -4.07%. Shares of the company reached a 52-week high of $262.49 on 03/22/24 and a 52-week low of $209.55 on 01/25/24. A 50-day SMA is recorded $224.64, while a 200-day SMA reached $219.60. Nevertheless, trading volume fell to 1.42 million shares from 2.17 million shares the previous day.

Support And Resistance Levels for Lowe’s Cos., Inc. (LOW)

According to the 24-hour chart, there is a support level at 211.90, which, if violated, would cause prices to drop to 210.50. In the upper region, resistance lies at 215.85. The next price resistance is at 218.40. RSI (Relative Strength Index) is 37.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.35, which suggests the price will decrease in the coming days. Percent R is at 91.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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