Lowe's Cos. Stock Falls Thursday, Underperforms Market
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Shares of Lowe's Cos. (LOW) slid 3.13% to $208.40 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. The stock's fall snapped a two-day winning streak. Lowe's Cos. closed $54.91 below its 52-week high ($263.31), which the company reached on December 13th.
The stock underperformed when compared to some of its competitors Thursday, as Home Depot Inc. (HD) fell 1.10% to $311.44 and Kingfisher PLC ADR (KGF.LN) fell 1.32% to $5.62. Trading volume (3.5 M) remained 417,994 below its 50-day average volume of 3.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 17:06 ET (22:06 GMT)
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