Lowes Companies (LOW) : Lowes Companies (LOW) had a healthy money flow of $1.42 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $37.3 million, whereas, investors only sold shares worth $35.88 million on downticks. The stock closed the day with an up-down ratio of 1.04.The money flow in the block trades to the tune of $2 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $7.38 million worth of transactions were on upticks. A paltry $5.38 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.37. Lowes Companies (LOW) stock slid $0.29 intraday and traded at 81.14, a change of -0.35% over previous days close. However, for the week, the company shares are -0.66% compared to previous weeks close.
Also, BTIG Research initiates coverage on Lowes Companies (NYSE:LOW). The rating major has initiated the coverage with buy rating on the shares. The Analysts at BTIG Research announces a current price target of $90 per share. The rating by the firm was issued on June 1, 2016.
Lowes Companies (NYSE:LOW): The stock opened at $81.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $81.85 for the day. The stock traded down to $80.74 during the day, due to lack of any buying support eventually closed down at $81.21 with a loss of -0.26% for the day. The stock had closed at $81.42 on the previous day. The total traded volume was 6,853,518 shares.
The stock has recorded a 20-day Moving Average of 1.9% and the 50-Day Moving Average is 3.23%. In a related news,The officer (CDO & President, Intl) of Lowes Companies Inc, Maltsbarger Richard D sold 12,656 shares at $80.21 on May 31, 2016. The Insider selling transaction had a total value worth of $1,015,138. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.