Markets

Lowe’s soars the most in 11 years after smashing earnings estimates

Shares of Lowe’s surged as much as 13% on Wednesday after the retailer posted second-quarter revenue and profit that exceeded analyst expectations. The home-improvement retailer said overall sales from existing Lowe’s stores grew 2.3%, while same-store revenue from US locations climbed 3.2%. Lowe’s chief executive officer said the company’s positive […]
Lowe’s soars the most in 11 years after smashing earnings estimates
Markets

Lowe’s moves higher after reports that it could triple in value

Shares of Lowe’s jumped after news that an activist investor that recently bought a stake in the company sees the company as worth triple its value. Activist investor D.E. Shaw believes the home retailer can measure up to its rival Home Depot if it makes the right changes, anonymous sources […]
Lowe’s moves higher after reports that it could triple in value
Markets

Lowe’s is popping after reports of an activist investor stake

Shares of Lowe’s, the home improvement retailer, jumped more than 6% after Bloomberg reported an activist investment from D.E. Shaw, a quantitative investment firm, on Friday. The size of the investment is unknown, but a 0.12% stake in the company was disclosed by D.E. Shaw in November, according to Bloomberg. […]
Lowe’s is popping after reports of an activist investor stake