We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Lowe's Companies (LOW) Surges: Stock Moves 10.4% Higher
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.
Lowe's Companies, Inc. Price
Lowe's Companies, Inc. Price | Lowe's Companies, Inc. Quote
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.
Is LOW going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>