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Lowe’s is popping after reports of an romantic financier interest (LOW)

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  • Shares of Lowe’s, the home alleviation retailer, jumped some-more than 6% after Bloomberg reported an romantic investment from D.E. Shaw, a quantitative investment firm, on Friday.
  • The distance of the investment is unknown, but a 0.12% interest in the company was disclosed by D.E. Shaw in November, according to Bloomberg.
  • D.E. Shaw plans to use its investment in the company to ask for changes that could boost shareholder value, Bloomberg said, citing unnamed sources.
  • Lowe’s is approaching to report gain of $0.86 per share on income of $15.335 billion. 
  • Rival Home Depot also jumped after the news, gaining about 1.89%.
  • Watch shares of Lowe’s trade in genuine time on Markets Insider.

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