Lowe’s Cos. stock outperforms market despite losses on the day

Lowe’s Cos. stock outperforms market despite losses on the day

Shares of Lowe’s Cos. LOW, -0.90% slipped 1.93% to $208.02 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.11% falling 2.49% to 3,895.75 and Dow Jones Industrial Average DJIA, -0.85% falling 2.25% to 33,202.22. The stock’s fall snapped a three-day winning streak. Lowe’s Cos. closed $52.81 below its 52-week high ($260.83), which the company achieved on January 4th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Amazon.com Inc. AMZN, -0.67% fell 3.42% to $88.45, Home Depot Inc. HD, -1.30% fell 1.75% to $327.60, and Walmart Inc. WMT, -1.80% fell 0.89% to $145.36. Trading volume (3.3 M) remained 162,044 below its 50-day average volume of 3.5 M.

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