In yesterday’s Wall Street session, Lowe’s Cos., Inc. (NYSE:LOW) shares traded at $220.46, up 0.30% from the previous session.
LOW stock price is now -2.37% away from the 50-day moving average and 0.28% away from the 200-day moving average. The market capitalization of the company currently stands at $125.63B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $245, Gordon Haskett recently Downgraded its rating from Accumulate to Hold for Lowe’s Cos., Inc. (NYSE: LOW). On March 27, 2024, DA Davidson Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $270, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Sink Brandon J, EVP, Chief Financial Officer sold 6,227 shares of the company’s stock on Mar 07 ’24. The stock was sold for $1,506,996 at an average price of $242.01. Upon completion of the transaction, the EVP, Chief Financial Officer now directly owns 17,022 shares in the company, valued at $3.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, EVP, Chief Information Officer Godbole Seemantini sold 27,292 shares of the business’s stock. A total of $6,559,330 was realized by selling the stock at an average price of $240.34. This leaves the insider owning 21,246 shares of the company worth $4.68 million. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Lowe’s Cos., Inc. has had a low of $181.85 and a high of $262.49. According to the stock market information, the enterprise value for the company is $162696888320, which is based on a 17.71 price-to-earnings ratio, a 4.43 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for LOW is $225.6322 and a two-hundred day moving average price translates $219.79935 for the stock.
The latest earnings results from Lowe’s Cos., Inc. (NYSE: LOW) was released for 2024-05-03. The company reported revenue of $21.36 billion for the quarter, compared to $22.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.4 percent.
