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 $1,082,974 were purchased by McFarland Joseph Michael on Oct 03 ’24. At $270.74 per share, McFarland Joseph Michael acquired 4,000 shares.
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Also, Vagell Margrethe R sold 5,730 shares, netting a total of over 1,555,408 in proceeds. Following the sale of shares at $271.45 each, the insider now holds 13,214 shares.
Before that, Godbole Seemantini had added 26,186 shares to its account. In a trade valued at $6,808,360, the Officer bought Lowe’s Cos., Inc. shares for $260.00 each.
As published in a research note from Telsey Advisory Group on October 02, 2024, Lowe’s Cos., Inc. [LOW] has been retained to a Market perform and the price target has been revised to $275. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of April 03, 2024, Gordon Haskett has decreased its “Accumulate” rating to a “Hold” for LOW. Earlier on March 27, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for LOW stock which previously was a “a Buy”.
Analyzing LOW Stock Performance
During the last five days, there has been a surge of approximately 1.73%. Over the course of the year, Lowe’s Cos., Inc. shares have jumped approximately 21.42%. Shares of the company reached a 52-week high of $274.16 on 10/01/24 and a 52-week low of $209.55 on 01/25/24. A 50-day SMA is recorded $248.76, while a 200-day SMA reached $233.59. Nevertheless, trading volume fell to 1.61 million shares from 2.24 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 268.45, which, if violated, would cause prices to drop to 266.70. In the upper region, resistance lies at 272.13. The next price resistance is at 274.06. RSI (Relative Strength Index) is 73.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.09, which suggests the price will increase in the coming days. Percent R is at 19.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
