Lowe's Cos. Stock Falls Wednesday, Underperforms Market
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Shares of Lowe's Cos. (LOW) slid 4.05% to $185.71 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. This was the stock's third consecutive day of losses. Lowe's Cos. closed $77.60 below its 52-week high ($263.31), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Wednesday, as Home Depot Inc. (HD) fell 2.48% to $288.73 and Kingfisher PLC ADR (KGF.LN) fell 2.15% to $5.01. Trading volume (4.5 M) eclipsed its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 17:07 ET (21:07 GMT)
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