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Why Lowe's Stock Was Rising Today

TheMotleyFool

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Shares of Lowe's (NYSE: LOW) were moving higher today as the home-improvement retailer caught a tailwind from the rebound in the broader market on hopes for a federal stimulus. Lowe's also revealed that CEO Marvin Ellison bought about $1 million worth of company stock on Friday.

On another volatile trading day, Lowe's shares were up 8.7% as of 3:23 p.m. EDT, while the S&P 500 was up 4.2% at the same time.

Image source: Lowe's.

Source Fool.com

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