Lowe’s Cos., Inc’s filing revealed that its EVP, Pro & Home Services Vance Quonta D unloaded Company’s shares for reported $1.97 million on Nov 27 ’24. In the deal valued at $274.37 per share,7,198 shares were sold. As a result of this transaction, Vance Quonta D now holds 16,703 shares worth roughly $4.58 million.
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Then, Vance Quonta D bought 7,198 shares, generating $1,974,882 in total proceeds.
Before that, McFarland Joseph Michael sold 4,000 shares. Lowe’s Cos., Inc shares valued at $1,082,974 were divested by the EVP, Stores at a price of $270.74 per share. As a result of the transaction, McFarland Joseph Michael now holds 54,099 shares, worth roughly $14.84 million.
Telsey Advisory Group upgraded its Lowe’s Cos., Inc [LOW] rating to an Outperform from a a Market perform in a research note published on November 08, 2024; the price target was increased to $305 from $275. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. Loop Capital also remained covering LOW and has increased its forecast on October 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Telsey Advisory Group maintained its rating on October 02, 2024. It rated LOW as “a Market perform”.
Price Performance Review of LOW
On Tuesday, Lowe’s Cos., Inc [NYSE:LOW] saw its stock jump 0.86% to $274.39. Over the last five days, the stock has lost -0.34%. Lowe’s Cos., Inc shares have risen nearly 23.29% since the year began. Nevertheless, the stocks have risen 34.56% over the past one year. While a 52-week high of $287.01 was reached on 10/15/24, a 52-week low of $203.72 was recorded on 01/25/24. SMA at 50 days reached $270.49, while 200 days put it at $244.37.
Levels Of Support And Resistance For LOW Stock
The 24-hour chart illustrates a support level at 271.08, which if violated will result in even more drops to 267.77. On the upside, there is a resistance level at 276.56. A further resistance level may holdings at 278.74. The Relative Strength Index (RSI) on the 14-day chart is 56.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.15%. Stochastics %K at 79.79% indicates the stock is a holding.
How much short interest is there in Lowe’s Cos., Inc?
A steep rise in short interest was recorded in Lowe’s Cos., Inc stocks on 2024-10-31, growing by 0.44 million shares to a total of 6.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.55 million shares. There was a rise of 6.23%, which implies that there is a positive sentiment for the stock.
