Lowes stock is up 7.2% in Q3, while others rally

Lowes shares rose 7.3% to $2.18, after hitting a record high of $2,185 on Wednesday.

The stock rose on hopes that higher inflation in the United States and lower interest rates in Europe would help it recover from the recent plunge in oil prices.

Lowes posted a year-on-year increase of 12.7%, to $4.16.

Analysts said the company had been buoyed by rising energy prices and a reduction in regulatory pressure.

The shares rose 10.4% in 2016.

Low, which operates several grocery chains, was among the first big U.S. retailers to make a profit in 2017.