Shares of Lowe’s Companies Inc. (NYSE:LOW) traded today at $194.67, eclipsing its 52-week high. Approximately 870,000 shares have changed hands today, as compared to an average 30-day volume of 4.6 million shares.
In the past 52 weeks, shares of Lowe’s Companies Inc. have traded between a low of $79.08 and a high of $194.67 and is now at $193.97, which is 145% above that low price.
Lowe’s is the second- largest home improvement retailer in the world, operating about 1,970 stores throughout the United States and Canada. The firm’s stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe’s targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate that Lowe’s captures a low-double-digit share of the domestic home improvement market, based on U.S. Census estimates for market size.
Lowe’s Companies Inc. (NYSE:LOW) defies analysts with a current price ($193.97) 1.3% above its average consensus price target of $191.42.
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