Stocks of Lowes Companies (NYSE:LOW) rallied by 0.14% during the past week but lost 1.75% on a 4-week basis. The company has outperformed the S&P 500 by 1.34% in the past week but underperformed the index by 2.65% in the last 4 weeks.
Lowes Companies (NYSE:LOW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.87 and $77.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.42, notching a gain of 0.32% for the day. The total traded volume was 7,968,576 . The stock had closed at $78.17 on the previous day.
The company shares have rallied 12.04% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $80.76 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $77.80 and the 200 Day Moving Average price is recorded at $74.10.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Maltsbarger Richard D, officer (CDO & President, Intl) of Lowes Companies Inc, had unloaded 12,656 shares at an average price of $80.21 in a transaction dated on May 31, 2016. The total value of the transaction was worth $1,015,138.
Many analysts have stated their opinion on the company shares. BTIG Research initiates coverage on Lowes Companies (NYSE:LOW). The shares have now been rated Buy by the stock experts at the ratings house. BTIG Research announces the current price target of $90 per share on Lowes Companies . The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 0.39% of Lowes Companies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -24.39% . Institutional Investors own 77.87% of Lowes Companies shares. During last six month period, the net percent change held by insiders has seen a change of -23.01%.
Lowes Companies, Inc. (Lowes) is a home improvement retailer. As of January 30, 2015, Lowes operated 1,840 home improvement and hardware stores, representing approximately 201 million square feet of retail selling space. Lowes is consisted of 1,793 stores located across 50 states in the United States, including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as 37 stores in Canada, and 10 stores in Mexico. It serves homeowners, renters, and professional customers (Pro customers). Its retail customers, consisted of individual homeowners and renters, complete a range of projects. The Pro customer consists of two categories: construction trades, and maintenance, repair and operations. The Company offers a range of products for maintenance, repair, remodeling, and decorating.