Lowe's Companies, Inc. (LOW - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $81.48 to $87.45 in the past one-month time frame.
Despite lower-than-expected results in first-quarter fiscal 2018, the stock was driven after the investor Bill Ackman stated that he has invested nearly $1 billion in the company.
The company has seen 11 negative estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved lower in the said period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Lowe's currently has a Zacks Rank #4 (Sell), while its Earnings ESP is negative.
A better-ranked stock in the Retail-Wholesale sector is Dillard's, Inc. (DDS - Free Report) , which currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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