A global payment leader is partnering with a digital payments network to facilitate transactions made at retailers with cryptocurrencies that include the popular meme coin Dogecoin.
Shares of Lowe's Companies, Inc. (NYSE: LOW) have made a nice move higher over the past few weeks, but the rally may be in jeopardy. The stock has become overbought.
After a few quarters of sales growth significantly outpacing inventory additions, the two were closer to parity at retailers specializing in general merchandise and household goods during the fiscal first quarter, which concluded at the end of April. While stock levels are beginning to improve, it appears it may take retailers a while to rebuild positions to normal historical levels.
Shares of Lowe's Companies (NYSE:LOW) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved up to $192.6.