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 sold by McFarland Joseph Michael on Oct 03 ’24. At $270.74 per share, McFarland Joseph Michael sold 4,000 shares. The insider’s holdings dropped to 54,099 shares worth approximately $15.22 million following the completion of this transaction.
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Also, Godbole Seemantini sold 26,186 shares, netting a total of over 7,115,522 in proceeds. Following the sale of shares at $271.73 each, the insider now holds 30,159 shares.
Before that, McFarland Joseph Michael had added 4,000 shares to its account. In a trade valued at $1,082,974, the Officer bought Lowe’s Cos., Inc. shares for $270.74 each.
As published in a research note from Loop Capital on October 09, 2024, Lowe’s Cos., Inc. [LOW] has been rated up from a Hold to a Buy and the price target has been revised to $300 from $250. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early October. As of September 24, 2024, Oppenheimer has increased its “Perform” rating to a “an Outperform” for LOW. Earlier on April 03, 2024, Gordon Haskett downgraded its rating. Their new recommendation was “a Hold” for LOW stock which previously was a “a Accumulate”.
Analyzing LOW Stock Performance
During the last five days, there has been a surge of approximately 2.96%. Over the course of the year, Lowe’s Cos., Inc. shares have jumped approximately 26.40%. Shares of the company reached a 52-week high of $287.01 on 10/15/24 and a 52-week low of $209.55 on 01/25/24. A 50-day SMA is recorded $256.20, while a 200-day SMA reached $236.27. Nevertheless, trading volume fell to 1.57 million shares from 1.75 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 279.80, which, if violated, would cause prices to drop to 278.29. In the upper region, resistance lies at 284.03. The next price resistance is at 286.75. RSI (Relative Strength Index) is 70.27 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.45, which suggests the price will increase in the coming days. Percent R is at 23.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
