Lowe's (LOW) panic sell off triggered by low earnings

[MutualManager]

Lowe's Companies, Inc (ticker symbol "LOW") is getting hammered in a massive sell off on lower than expected earnings, the company reported quarterly earnings of .11 cents a share versus an expected .12 cents a share this morning and investors unloaded the shares, "LOW" was down over 8% after the 9:00 am conference call.


Lowe's Companies, Inc

Real-time Quote

Last trade $15.61

Down -1.37 (-8.07%)

Volume 25.41 M

2/20/2009 2:00 PM ET


2:30 pm

Bid $15.85 Ask $15.86

Open $16.30 Close $16.98

Day High $16.84 Day Low $15.55

52 Wk High $28.49 52 Wk Low $15.76


Market Cap $23.31 B

[MutualManager]

Lowe's continued a nasty sell off as investors dumped the shares.

Today's trading in "LOW" saw the stock off -0.77 cents a share or -4.85 %, the stock closed at $15.09 per share.

[MutualManager]

Lowe's has moved up a bit since this thread started, but has been stuck in a flat trading range for a long while.

http://bigcharts.marketwatch.com/qui...d=0&o_symb=low

Last trade today on "LOW" was $21.20

Lowe's stock has been in a $19.00 to $24.00 trading range in the last 3 months.