Lowe’s Cos., Inc.’s recent filing unveils 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 $4.18 million.
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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.
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 Tuesday, Lowe’s Cos., Inc. [NYSE:LOW] saw its stock fall -1.22% to $245.46. Over the last five days, the stock has lost -2.01%. Lowe’s Cos., Inc. shares have risen nearly 10.29% since the year began. Nevertheless, the stocks have risen 6.50% 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 $234.72, while 200 days put it at $227.85.
Levels Of Support And Resistance For LOW Stock
The 24-hour chart illustrates a support level at 242.91, which if violated will result in even more drops to 240.36. On the upside, there is a resistance level at 248.72. A further resistance level may holdings at 251.99. The Relative Strength Index (RSI) on the 14-day chart is 55.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.47%. Stochastics %K at 72.92% indicates the stock is a holding.
How much short interest is there in Lowe’s Cos., Inc.?
A steep rise in short interest was recorded in Lowe’s Cos., Inc. stocks on 2024-08-15, growing by 0.14 million shares to a total of 9.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.04 million shares. There was a rise of 1.56%, which implies that there is a positive sentiment for the stock.
