Lowe's Companies Sees Unusually High Options Volume (LOW)
Lowe's Companies (NYSE:LOW) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 14,006 put options on the company, StockRatingsNetwork reports. This represents an increase of approximately 303% compared to the typical daily volume of 3,478 put options.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Lowe's Companies from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Lowe's Companies in a research note on Wednesday, February 19th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Lowe's Companies in a research note on Monday, February 10th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $48.67.
Shares of Lowe's Companies (NYSE:LOW) traded up 1.88% on Tuesday, hitting $48.11. 10,095,140 shares of the company’s stock traded hands. Lowe's Companies has a one year low of $35.92 and a one year high of $52.08. The stock has a 50-day moving average of $47.26 and a 200-day moving average of $47.70. The company has a market cap of $50.315 billion and a P/E ratio of 22.59.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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