Lowe's is popping after reports of an activist investor stake (LOW)

pulse

January 12, 2018 9:26 PM

The size of the investment is unknown, but a 0.12% stake in the company was disclosed in November.

Shares of
The size of the investment is unknown, but a 0.12% stake in the company was disclosed by D.E. Shaw in November,
D.E. Shaw plans to use its investment in the company to ask for changes that could increase shareholder value, Bloomberg said, citing unnamed sources.
Lowe's is expected to report earnings of $0.86 per share on revenue of $15.335 billion.
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