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Shares of Lowe's Companies Inc. Rise to a New 52-Week High

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Shares of Lowe's Companies Inc. Rise to a New 52-Week High

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of Lowe’s Companies Inc. (NYSE: LOW) traded at a new 52-week high today of $215.50. This new high was reached on below-average trading volume as 903,000 shares traded hands, while the average 30-day volume is approximately 3.2 million shares.

Lowe’s is the second-largest home improvement retailer in the world, operating about 1,970 stores throughout the United States and Canada. 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 Lowe’s captures a double-digit share of the domestic home improvement market, based on U.S. Census estimates for market size.

Lowe’s Companies Inc. is currently priced 21.5% above its average consensus analyst price target of $168.95.

Over the past year, Lowe’s Companies Inc. has traded in a range of $146.72 to $215.50 and is now at $215.23, 47% above that low.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

 

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