Lowe's Nears All-Time High After Q4 Beat

Lowe's Companies, Inc. LOW shares are trading higher by $7.00 at $81.37 in Wednesday's session. The catalyst for the rally is a Q4 beat of $0.13 along with $400 million beat for sales. Comps were up 5.1 percent.

After a higher open, it had brief retreat to $80.60 before continuing its moves higher higher. So far, the continuation rally took the issue to $82.85, but has now fallen back into the $81.00 handle. That high coincides with its July 13 high of $82.90.

Lowe's Delivers Beat And Raise, But Analysts Are Still Cautious

Lowe's stock made its all-time high in July 2016 at $83.65. Its all-time closing high was made the following day at $82.13.