Lowe's Cos. stock rallies 2.27% on positive market day
Updated
Updated · MarketWatch · Apr 30
Lowe's Cos. stock rallies 2.27% on positive market day
8 articles · Updated · MarketWatch · Apr 30
Shares closed at $238.79 on Thursday, as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
The advance ended a four-day losing streak, though Lowe's remained 18.52% below its 52-week high of $293.06 reached on 12 February.
Lowe's outpaced Amazon's 0.77% rise and Home Depot's 1.86% gain but lagged Walmart's 3.06% increase, while trading volume of 3.0 million topped its 50-day average of 2.7 million.
As Lowe's and Home Depot deploy rival AI, which company's tech strategy will ultimately capture the market?
Can Lowe's bet on pro contractors succeed if its own forecast for a flat consumer market proves correct?