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 $1,974,882 were purchased by Vance Quonta D on Nov 27 ’24. At $274.37 per share, Vance Quonta D acquired 7,198 shares.
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Also, McFarland Joseph Michael sold 4,000 shares, netting a total of over 1,082,974 in proceeds. Following the sale of shares at $270.74 each, the insider now holds 54,099 shares.
Before that, Godbole Seemantini had sold 26,186 shares from its account. In a trade valued at $7,115,522, the EVP, Chief Information Officer traded Lowe’s Cos., Inc shares for $271.73 each. Upon closing the transaction, the insider’s holdings decreased to 26,186 shares, worth approximately $8.24 million.
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 surge of approximately 3.86%. Over the course of the year, Lowe’s Cos., Inc shares have jumped approximately 22.75%. 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 $269.78, while a 200-day SMA reached $243.69. Nevertheless, trading volume fell to 2.26 million shares from 2.42 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 271.70, which, if violated, would cause prices to drop to 270.22. In the upper region, resistance lies at 275.53. The next price resistance is at 277.88. RSI (Relative Strength Index) is 54.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.72, which suggests the price will increase in the coming days. Percent R is at 19.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
