In a filing, Lowe’s Cos., Inc. revealed its SVP, Tax & CAO Griggs Dan Clayton Jr unloaded Company’s shares for reported $1.68 million on Sep 12 ’24. In the deal valued at $248.82 per share,6,769 shares were sold. As a result of this transaction, Griggs Dan Clayton Jr now holds 9,383 shares worth roughly $2.41 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Griggs Dan Clayton Jr bought 6,769 shares, generating $1,684,271 in total proceeds.
Before that, Sink Brandon J sold 6,227 shares. Lowe’s Cos., Inc. shares valued at $1,506,996 were divested by the EVP, Chief Financial Officer at a price of $242.01 per share. As a result of the transaction, Sink Brandon J now holds 17,022 shares, worth roughly $4.37 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 jump 0.48% to $256.64. Over the last five days, the stock has gained 4.87%. Lowe’s Cos., Inc. shares have risen nearly 15.32% since the year began. Nevertheless, the stocks have risen 11.16% 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 $240.28, while 200 days put it at $229.98.
Levels Of Support And Resistance For LOW Stock
The 24-hour chart illustrates a support level at 254.53, which if violated will result in even more drops to 252.42. On the upside, there is a resistance level at 258.44. A further resistance level may holdings at 260.24. The Relative Strength Index (RSI) on the 14-day chart is 68.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.22%. Stochastics %K at 90.53% indicates the stock is a selling.
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 2024-08-30, dropping by -2.63 million shares to a total of 7.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.64 million shares. There was a decline of -37.52%, which implies that there is a negative sentiment for the stock.
