Stock Market Report on Lowe's
Brief Company Overview:
Lowe's became incorporated in 1952 out of its first locations in North Carolina, and has been publicly traded on the stock market since 1961. Lowe's is a Fortune 50 company and one of the nation's most prominent home improvement retailers. Promoting to a wide range of customers in both private and commercial areas, Lowe's has established a stronghold on the market it serves. As of February 3, 2006, the Company operated 1,234 stores in 49 states (CNN, 2007).
Stock Chart Including Dates; July 5th - August 28, 2007:
Lowe's Companies Inc. (LOW)
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Open: unch High: unch Low: unch
Previous Close: 29.62 Volume: unch
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In review of the trends indicated through the up and down points on the Lowe's stock chart for the time between July 5th and August 28, 2007, several initial conclusions can be drawn. One, the overall movement of the price history shows a downward trend during this period, but indicates gains back to a point just below the marker where the declining began. Second, we see a dramatic incline from the point of its lowest price during the entire period that is only delayed by a single 'leveling-out' period that does not decline, but simply slow the upward movement just below the 27 point marker. We only see one period of substantial decline that is not offset with zig-zagging periods of upward movement, and one period of incline in the same pattern.
Price Table History, July 5th through August 28, 2007:
Lowe's Companies Inc. (U.S.:LOW)
29.62 unch
Open: unch High: unch Low: unch
Previous Close: 29.62 Volume: unch
Eastern Time
Lowe's Companies Inc.
Date High Low Open Close Volume 8/28/2007
0.080 Dividend
To understand some of the reasons behind these trends, let's look at some key happenings leading up to and during these points.
One key point to consider when determining the price patterns seen during this period with regard to Lowe's stocks is the time of year that Lowe's products are in highest demand. Commonly, the summer period is ideal for home-building, remodeling and other projects that require much of the products and services available at Lowe's Companies. Undoubtedly, this being a factor, the trends seen in the price inclines with Lowe's stock reports may be a trailing effect of the growth in product sales during the months prior to the apparent growth trends. Large spikes in these trends, either inclining or declining, are direct responses from this type of seasonal business. When a surge of orders and purchases has occurred, there may be several days or weeks before those full profits are reportable. There is also the consideration for the fact that after these seasonal points incur their visible stock trends, there is a point at which declining numbers may be directly apparent in the very next patterns. Other factors must also be attributed, such as internal workings, news, economical factors, and even environmental aspects.
Lowe's Companies, Inc. Declares Cash Dividend"
Lowe's Companies, Inc. announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable November 2, 2007, to shareholders of record as of October 19, 2007." - (MSN Money)
This announcement, though its repercussions may be yet to yield their full extent, was incurred during the inclining trends seen on the stock chart and may be partially responsible for several key characteristics developing trade with Lowe's holdings. Below is another report that may have equally contributed to the findings:
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