Lowe's moves higher after reports that it could triple in value (LOW)

pulse

January 19, 2018 9:56 PM

Shares of Lowe's surged after reports that it could triple in value, according to Bloomberg

Shares of
Activist investor D.E. Shaw believes
The company has paled in comparison to
Lowe's announced on Friday that it will add three new directors to its board.
Though it was not previously disclosed, D.E. Shaw's stake in the company was worth around $1 billion, Bloomberg reported.
Lowe's stock was up 3.26% at $104.65 per share. It was up 14.24% for the year.

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