Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $14.68 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 their initiating research note from Bernstein on October 22, 2024, Lowe’s Cos., Inc. [LOW] has been an Outperform and the price target has been revised to $323. Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of October 02, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for LOW. Earlier on September 24, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for LOW stock which previously was a “a Perform”.
Analyzing LOW Stock Performance
During the last five days, there has been a drop of approximately -3.54%. Over the course of the year, Lowe’s Cos., Inc. shares have jumped approximately 21.93%. 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 $260.10, while a 200-day SMA reached $237.78. Nevertheless, trading volume fell to 1.87 million shares from 2.11 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 269.97, which, if violated, would cause prices to drop to 268.59. In the upper region, resistance lies at 272.56. The next price resistance is at 273.76. RSI (Relative Strength Index) is 51.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.06, which suggests the price will decrease in the coming days. Percent R is at 66.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
