Lowe's Companies Inc. (LOW) Moves Higher on Volume Spike for February 26

Equities Staff  |

Lowe's Companies Inc. (LOW) traded on unusually high volume on Feb. 26, as the stock gained 0.02% to close at $105.03. On the day, Lowe's Companies Inc. saw 7.89 million shares trade hands on 71,182 trades. Considering that the stock averages only a daily volume of 4.34 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $117.70 and $81.16 over the last 52-weeks, its 50-day SMA is now $95.40, and its 200-day SMA $97.73. Lowe's Companies Inc. has a P/B ratio of 15.63. It also has a P/E ratio of 23.6.

Lowe's is the second-largest home improvement retailer in the world, operating 2,133 stores throughout the United States, Canada, and Mexico as of October. 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.

Headquartered in Mooresville, NC, Lowe's Companies Inc. has 310,000 employees and is currently under the leadership of CEO Marvin R. Ellison.

For a complete fundamental analysis analysis of Lowe's Companies Inc., check out Equities.com’s Stock Valuation Analysis report for LOW.

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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.

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