Lowe’s Companies (LOW) Offering Possible 21.65% Return Over the Next 8 Calendar Days

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Lowe’s Companies’s most recent trend suggests a bullish bias. One trading opportunity on Lowe’s Companies is a Bull Put Spread using a strike $190.00 short put and a strike $185.00 long put offers a potential 21.65% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $190.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock dropped below the $185.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Lowe’s Companies is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Lowe’s Companies is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Lowe’s Companies

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Here’s How Much a $1000 Investment in Lowe’s Made 10 Years Ago Would Be Worth Today
Thu, 01 Apr 2021 13:31:01 +0000
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Tue, 30 Mar 2021 13:58:01 +0000
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Lowe’s Prices $2 Billion Notes Offering
Mon, 29 Mar 2021 23:43:00 +0000
Lowe’s Companies, Inc. (NYSE: LOW) announced today it has agreed to sell $1.5 billion of 2.625% Notes due 2031 and $500 million of 3.500% Notes due 2051 (collectively, the “Notes”). Estimated net proceeds from this offering will be approximately $1.984 billion, after deducting offering expenses and underwriters’ discounts. Lowe’s plans to use the net proceeds from the sale of the Notes for general corporate purposes. Closing is expected to occur on March 31, 2021, subject to satisfaction of customary closing conditions.

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