The Home Depot – Lowe’s Cos. stock outperforms competitors despite losses on the day
Shares of Lowe’s Cos.
slumped 0.42% to $190.60 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.18% to 4,219.55 and Dow Jones Industrial Average
falling 0.44% to 34,447.14. The stock’s fall snapped a two-day winning streak. Lowe’s Cos. closed $24.62 below its 52-week high ($215.22), which the company achieved on May 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Home Depot Inc.
fell 1.15% to $307.34, Kingfisher PLC ADR
fell 1.14% to $9.56, and Builders FirstSource Inc.
rose 3.55% to $43.76. Trading volume (3.6 M) remained 402,162 below its 50-day average volume of 4.0 M.