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 90% of detected trades showing bearish expectations. The trades include 5 puts and 5 calls, with a total amount of $286,766 and $188,609 respectively. The targeted price range for Lowe's over the last 3 months is from $105.0 to $230.0. The current price of LOW is down -0.54% at $189.47. Telsey Advisory Group and Truist Securities maintain their Market Perform and Buy ratings on Lowe's respectively, with price targets of $225 and $235.
October 23, 2023 | 6:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bearish stance taken on Lowe's Companies with majority of trades showing bearish expectations. The targeted price range is from $105.0 to $230.0. Current price is down -0.54% at $189.47.
The bearish stance taken by a significant investor, as evidenced by the majority of trades, indicates a potential downward pressure on the stock price. The current price is already down, and the targeted price range suggests further potential for decrease. This, combined with the maintained Market Perform and Buy ratings from Telsey Advisory Group and Truist Securities, indicates a mixed outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100