Low. Lower. Lowe's (LOW) - Get Report. The Wilkesboro, N.C. do-it-yourselfer fell 6.3% to $50.38 today after rumors circulated that the company's third quarter would miss earlier projections. Dow Jones reported that a company spokeswoman said the company remains comfortable with its previously announced projected sales growth.
Assurances aside, Lowe's was still a major retail loser today, helping drag the
S&P Retail Index
down 0.4%, the first drop this September. Along with
, Lowe's was a leading loser, especially when compared to blue chippers
, which were both off less than a point.