In a filing, Lowe’s Cos., Inc revealed its Director Simkins Lawrence acquired Company’s shares for reported $0.25 million on Dec 20 ’24. In the deal valued at $245.53 per share,1,000 shares were bought. As a result of this transaction, Simkins Lawrence now holds 1,000 shares worth roughly $0.22 million.
Then, Vance Quonta D sold 7,198 shares, generating $1,974,881 in total proceeds. Upon selling the shares at $274.37, the EVP, Pro & Home Services now owns 16,703 shares.
Before that, Vance Quonta D bought 7,198 shares. Lowe’s Cos., Inc shares valued at $1,974,882 were divested by the Officer at a price of $274.37 per share.
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 Friday, Lowe’s Cos., Inc [NYSE:LOW] saw its stock jump 0.80% to $224.44. Over the last five days, the stock has lost -7.51%. Lowe’s Cos., Inc shares have fallen nearly -9.06% since the year began. Nevertheless, the stocks have fallen -7.74% over the past one year. While a 52-week high of $287.01 was reached on 01/27/25, a 52-week low of $211.80 was recorded on 03/13/25. SMA at 50 days reached $249.86, while 200 days put it at $249.60.
Levels Of Support And Resistance For LOW Stock
The 24-hour chart illustrates a support level at 222.05, which if violated will result in even more drops to 219.67. On the upside, there is a resistance level at 225.79. A further resistance level may holdings at 227.15. The Relative Strength Index (RSI) on the 14-day chart is 29.17, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.97%. Stochastics %K at 9.30% indicates the stock is a buying.
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 2025-02-28, dropping by 50272.0 shares to a total of 7.32 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.37 million shares. There was a decline of -0.69%, which implies that there is a negative sentiment for the stock.
