What the Options Market Tells Us About Lowe's Companies
Portfolio Pulse from Benzinga Insights
Analysis of Lowe's Companies (NYSE:LOW) options market reveals a bearish sentiment among traders, with 72% engaging in bearish trades. Significant trading activity suggests a target price range of $210 to $260. Recent trades include both puts and calls, with a notable volume and open interest in options within this price range. Lowe's, a leading home improvement retailer, is currently trading at $234.04, up 1.7%, with analysts giving mixed ratings and target prices ranging from $245 to $275.
April 23, 2024 | 7:15 pm
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Lowe's Companies shows a bearish sentiment in options trading, with a current stock price of $234.04 and analyst target prices ranging from $245 to $275.
The bearish sentiment in the options market, combined with the current positive stock price movement and mixed analyst ratings, suggests a cautious but not definitively negative short-term outlook. The wide range of analyst target prices indicates uncertainty about the stock's future direction, making the short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100