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Lowe's (LOW) Looks Good: Stock Adds 5.4% in Session
Lowe's Companies, Inc. (LOW - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17.9% in the past one-month time frame.
The upside was driven by the news of activist investor D.E. Shaw & Co. ramping up its stake in Lowe's.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Lowe's. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Lowe's currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Lowe's Companies, Inc. Price
Lowe's Companies, Inc. Price | Lowe's Companies, Inc. Quote
A better-ranked stock in the Building Products - Retail industry is Beacon Roofing Supply, Inc. (BECN - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is LOW going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
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