Lowe’s Companies Inc (NYSE:LOW) is up 3.3% to trade at $226.75 today, after the home improvement retailer reported adjusted third-quarter earnings of $3.06 per share on $20.81 billion in revenue, the former of which topped estimates. The company also lowered its full-year guidance, citing home affordability and economic uncertainty as obstacles to overcome.
The report was good enough for analysts to blitz sector peer Home Deport (HD) -- fresh off a lackluster post-earnings reaction yesterday -- with 12 price-target cuts, the worst coming from Bernstein to $362.
Heading into today, LOW's 14-Day Relative Strength Index (RSI) breached "oversold" territory at 18, a partial explainer for today's rally. LOW traded at $218 yesterday, weighed down by Home Depot's report. Today, the shares are poised to snap a five day skid. Losing streaks are nothing new though; Lowe's stock was mired in an eight-day slide in September, and a 10-day in October. Since the start of 2025, the equity is down 8.5%.
Bearish bets have been prevalent for the last few weeks. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 50-day put/call volume ratio of 1.39 sits in the 90th percentile of its annual range.
