Up over 33% in 1 month on no news. What’s going on here?
10 replies (most recent on top)
I think the main reason for the stock price is all of the helicopter money being dropped on everybody through the stimulus payments. The stock market is simply adjusting prices upward to reflect the glutted money supply now in existence. When everyone has more money in their pockets, it simply goes down in value. The stimulus payments are devaluing the dollar and hence the price of EVERYTHING is going up. Have you looked at the prices you are paying in the grocery store lately? You may not see inflation in everything, because it takes time for it to resonate throughout the system. But eventually everything and everybody will be affected. Its call the law of supply and demand.
The economy is going crash soon.
This is capitalism, at it's best. Yepper!
Maybe all of the jackasses that hijacked our company can cash in and get the F out now!
If I have Lowe’s stock in my 401k,should I keep/dump it?
Remember the e–mail limiting employee stock holding? Economics 101 limited supply + high demand = higher prices. Just another way for them to get richer off the employees.
Yep, record profits with next to no trickle down to the workers that are actually bringing it in (unless you own LOW stock). One would think that it is the stockholders that are paying our bills and not the customers buying product and all the workers down in the trenches who are making that happen. Capitalism at its finest! :–(
All big companies are buying back there stock. Not just Lowe's.
Over the past two years they have bought back over 35 billion in an effort to close the gap between home Depot.... I hope the company goes to h––l
Lowes is buying back 9 billion in stock.