This Is What Whales Are Betting On Lowe's Companies
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Lowe's Companies (NYSE:LOW), with 71% of recent trades being bearish. The price range targeted by these investors over the last 3 months is $130.0 to $270.0. The current price of LOW is down -2.37% at $193.46. Truist Securities and Telsey Advisory Group have maintained their Buy and Market Perform ratings respectively, while HSBC has downgraded its action to Hold.
October 18, 2023 | 8:45 pm
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A significant investor has taken a bearish stance on Lowe's Companies, with 71% of recent trades being bearish. The price range targeted by these investors over the last 3 months is $130.0 to $270.0. The current price of LOW is down -2.37% at $193.46.
The bearish stance taken by a significant investor, along with the fact that 71% of recent trades have been bearish, suggests a negative short-term impact on Lowe's Companies. The targeted price range indicates that these investors expect the price to potentially decrease further. The current price decrease of -2.37% also supports this. However, the maintained Buy and Market Perform ratings from Truist Securities and Telsey Advisory Group respectively, and the Hold rating from HSBC, suggest some level of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100