Lowes Moves Lower After Earnings; Puts Active

Shares of Lowes Inc. LOW are trading lower by over 5.00% today, currently trading $24.70, after the company reported earnings that disappointed the Street. The stock has now broken down, through the 50-day moving average, and looks to be headed lower, at least toward the 200-day moving average. Lowes Corp is seeing its put/call ratio running at the high end of the range today, which suggests that puts are in favor and that the stock may be due to pullback further.