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Shares of Lowe's Cos. (LOW) rallied 3.66% to $194.53 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.97% to 3,719.04 and the Dow Jones Industrial Average rising 1.88% to 29,683.74. This was the stock's second consecutive day of gains. Lowe's Cos. closed $68.78 below its 52-week high ($263.31), which the company reached on December 13th.
The stock underperformed when compared to some of its competitors Wednesday, as Home Depot Inc. (HD) rose 5.02% to $282.19 and Kingfisher PLC ADR (KGF.LN) rose 4.72% to $4.88. Trading volume (4.8 M) eclipsed its 50-day average volume of 3.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 28, 2022.
(END) Dow Jones Newswires
September 28, 2022 17:06 ET (21:06 GMT)
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