Lowes Companies Inc (LOW) $25.45 +1.56%
Lowe’s (LOW) is up 32 cents to $25.38 today after announcing plans to buy online home improvement retailer ATG Stores. The stock is now up 31.2 percent since September. Some investors might be looking to hedge the recent gains, as a 6980-lot of Feb 25 puts traded on LOW today for 93 cents when the market was 91 to 93 cents. 10,110 now traded against 880 in open interest. The company last reported earnings on Nov 14 and will possibly report again before the Feb 18, 2012 expiration. The company reaffirmed its full year earnings and revenue outlook on 12/6.
Category: All Stocks, Large Cap Stocks, Retail
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
