Lowe's Cos. Stock Falls Monday, Underperforms Market

Panasonic Holdings Corp

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Consumer Discretionary : Household Durables | Large Cap Value
Based in Japan

Company profile

Panasonic Corporation is a Japan-based company engaged in the integrated electronics related business. The Company has four business segments. The Appliance segment is engaged in the development, manufacture and sale of products for home appliance, beauty, health and other business to consumer (BtoC) business, as well as devices, energy and other business to business (BtoB) business. The Eco Solutions segment is engaged in the development, manufacture and sale of electrical equipment, housing materials and other products for construction business. The Connected Solutions segment is engaged in the development, manufacture and sale of products for distribution, logistics, entertainment, public, avionics and manufacturing business. The Automotive and Industrial Systems segment is engaged in the development, manufacture and sale of products for automotive motorized systems business, as well as batteries and other BtoB business. The Company is also engaged in the sale of raw materials.

Lowe's Cos. Stock Falls Monday, Underperforms Market

5:07 pm ET October 31, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Lowe's Cos. (LOW) shed 1.90% to $194.95 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.75% to 3,871.98 and Dow Jones Industrial Average falling 0.39% to 32,732.95. The stock's fall snapped a two-day winning streak. Lowe's Cos. closed $68.36 short of its 52-week high ($263.31), which the company achieved on December 13th.

The stock underperformed when compared to some of its competitors Monday, as Home Depot Inc. (HD) fell 0.84% to $296.13 and Kingfisher PLC ADR (KGF.LN) rose 0.40% to $5.03. Trading volume (3.5 M) remained 167,239 below its 50-day average volume of 3.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 31, 2022.

(END) Dow Jones Newswires

October 31, 2022 17:07 ET (21:07 GMT)