This Is What Whales Are Betting On Lowe's Companies
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Lowe's Companies (NYSE:LOW) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is split, with 63% bullish and 36% bearish. The targeted price range for Lowe's over the last 3 months is from $190.0 to $240.0. The current price of LOW is down -1.08% at $224.27. Analysts from Argus Research, Citigroup, Wedbush, and Truist Securities have maintained their ratings on Lowe's, with price targets ranging from $230 to $260.
August 04, 2023 | 6:31 pm
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Unusual options trading activity indicates a significant bullish stance on Lowe's Companies. Analysts maintain their ratings with price targets from $230 to $260.
The unusual options trading activity, with a significant portion being bullish, indicates that large investors are expecting the stock price to rise. This, combined with the maintained ratings and price targets from analysts, suggests a positive short-term impact on Lowe's Companies' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100