Shares of Lowe's Companies (NYSE: LOW) jumped on Wednesday despite a first-quarter report that missed analyst expectations across the board. News that Lowe's had poached J.C. Penney CEO Marvin Ellison for the top job at the company could be contributing to the gains. Another factor could be news that Bill Ackman's Pershing Square had acquired a $1 billion stake in the retailer.
Why Shares Of Lowe's Jumped Today
newsfeedback@fool.com (Timothy Green), The Motley Fool
Wed, 05/23/2018 - 10:25am
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