Lowe's Companies's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors have shown a bullish stance on Lowe's Companies (NYSE:LOW), with options trading indicating a target price range of $230.0 to $270.0. The sentiment among big-money traders is 66% bullish, based on 9 uncommon options trades. The largest trades include both puts and calls, with a notable volume and open interest in options within the specified price range. Lowe's is the second-largest home improvement retailer in the U.S., with a current stock price of $237.88. Analyst ratings vary, with a consensus target price of $248.2, but recent adjustments include a downgrade to Hold by Gordon Haskett with a target of $245.
April 05, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lowe's Companies shows bullish investor sentiment with a target price range of $230-$270, amid mixed analyst ratings and a current price of $237.88.
The bullish sentiment from big-money options trades, combined with the current stock price and analyst ratings, suggests a positive short-term outlook for Lowe's. The significant volume and open interest in options within the $230-$270 range further support this view. However, the mixed analyst ratings introduce some uncertainty, hence the importance and confidence scores are not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100