Lowe's Companies Inc. (LOW) Dips 2.89% for October 02

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday October 02 was Lowe's Companies Inc. (LOW). The stock experienced a 2.89% decline to $106.35 with 5.04 million shares changing hands.

Lowe's Companies Inc. started at an opening price of 109.31 and hit a high of $109.31 and a low of $105.92. Ultimately, the stock took a hit and finished the day at $3.17 per share. Lowe's Companies Inc. trades an average of n/a shares a day out of a total 771.8 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Lowe's Companies Inc. hit a high of $118.23 and a low of $84.75 over the last year.

Lowe's is the second- largest home improvement retailer in the world, operating just over 2,000 stores throughout the United States, Canada, and Mexico at year-end 2018. The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe's targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate that Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. census estimates for market size.

With its headquarters located in Mooresville, NC, Lowe's Companies Inc. employs 300,000 people. After today’s trading, the company’s market cap has fallen to $82.08 billion, a P/S of n/a, a P/B of 31.1, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Lowe's Companies Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: LOW’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer



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