The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $14.35 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 Telsey Advisory Group on November 08, 2024, Lowe’s Cos., Inc [LOW] has been rated up from a Market perform to an Outperform and the price target has been revised to $305 from $275. Analysts at Bernstein started covering the stock with ‘”an Outperform”‘ outlook in a report released in late October. As of October 09, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for LOW. Earlier on October 02, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for LOW stock.
Analyzing LOW Stock Performance
During the last five days, there has been a drop of approximately -1.90%. Over the course of the year, Lowe’s Cos., Inc shares have jumped approximately 19.17%. 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 $268.54, while a 200-day SMA reached $242.74. Nevertheless, trading volume fell to 1.84 million shares from 2.86 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 263.09, which, if violated, would cause prices to drop to 260.96. In the upper region, resistance lies at 266.52. The next price resistance is at 267.82. RSI (Relative Strength Index) is 47.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.29, which suggests the price will decrease in the coming days. Percent R is at 59.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
