Financial giants have made a conspicuous bearish move on Lowe's Companies. Our analysis of options history for Lowe's Companies LOW revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $179,187, and 5 were calls, valued at $349,037.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $220.0 to $230.0 for Lowe's Companies over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Lowe's Companies options trades today is 1397.33 with a total volume of 762.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lowe's Companies's big money trades within a strike price range of $220.0 to $230.0 over the last 30 days.
Lowe's Companies Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LOW | CALL | SWEEP | BULLISH | 01/17/25 | $19.75 | $19.35 | $19.51 | $220.00 | $99.3K | 395 | 199 |
| LOW | CALL | SWEEP | BEARISH | 01/17/25 | $19.5 | $19.35 | $19.35 | $220.00 | $77.5K | 395 | 1 |
| LOW | CALL | TRADE | BULLISH | 01/17/25 | $19.5 | $19.35 | $19.44 | $220.00 | $73.8K | 395 | 1 |
| LOW | PUT | TRADE | BEARISH | 06/21/24 | $1.16 | $1.1 | $1.15 | $220.00 | $57.5K | 2.6K | 278 |
| LOW | PUT | SWEEP | BEARISH | 01/17/25 | $17.75 | $17.45 | $17.75 | $230.00 | $56.8K | 1.1K | 25 |
About Lowe's Companies
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
Following our analysis of the options activities associated with Lowe's Companies, we pivot to a closer look at the company's own performance.
Lowe's Companies's Current Market Status
- With a trading volume of 1,932,795, the price of LOW is down by -2.01%, reaching $222.3.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 67 days from now.
Professional Analyst Ratings for Lowe's Companies
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $250.2.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $246.
- An analyst from Truist Securities has decided to maintain their Buy rating on Lowe's Companies, which currently sits at a price target of $265.
- Consistent in their evaluation, an analyst from DA Davidson keeps a Neutral rating on Lowe's Companies with a target price of $240.
- An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Lowe's Companies, which currently sits at a price target of $250.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Neutral with a new price target of $250.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lowe's Companies options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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