Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lowe’s Cos., Inc. shares valued at $1,684,271 were sold by Griggs Dan Clayton Jr on Sep 12 ’24. At $248.82 per share, Griggs Dan Clayton Jr sold 6,769 shares. The insider’s holdings dropped to 9,383 shares worth approximately $2.45 million following the completion of this transaction.
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Also, Griggs Dan Clayton Jr purchased 6,769 shares, netting a total of over 1,684,271 in proceeds.
Before that, Sink Brandon J had sold 6,227 shares from its account. In a trade valued at $1,506,996, the EVP, Chief Financial Officer traded Lowe’s Cos., Inc. shares for $242.01 each. Upon closing the transaction, the insider’s holdings decreased to 6,227 shares, worth approximately $4.44 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 surge of approximately 3.55%. Over the course of the year, Lowe’s Cos., Inc. shares have jumped approximately 17.28%. 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 $242.68, while a 200-day SMA reached $230.84. Nevertheless, trading volume fell to 2.19 million shares from 1.63 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 259.61, which, if violated, would cause prices to drop to 258.21. In the upper region, resistance lies at 262.34. The next price resistance is at 263.67. RSI (Relative Strength Index) is 73.28 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.74, which suggests the price will increase in the coming days. Percent R is at 5.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
