Home Depot, Inc.’s recent filing unveils that its Chair, President and CEO Decker Edward P. unloaded Company’s shares for reported $13.27 million on Feb 22 ’24. In the deal valued at $368.63 per share,35,987 shares were sold. As a result of this transaction, Decker Edward P. now holds 107,731 shares worth roughly $39.0 million.
Then, Campbell Ann Marie sold 27,574 shares, generating $10,165,043 in total proceeds. Upon selling the shares at $368.65, the Senior EVP now owns 65,520 shares.
Before that, Hourigan Timothy A. sold 8,996 shares. Home Depot, Inc. shares valued at $3,317,185 were divested by the EVP – Human Resources at a price of $368.74 per share. As a result of the transaction, Hourigan Timothy A. now holds 75,799 shares, worth roughly $27.44 million.
Telsey Advisory Group reiterated its Home Depot, Inc. [HD] rating to a Market perform in a research note published on April 01, 2024; the price target was $360. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. HSBC Securities also remained covering HD and has decreased its forecast on February 21, 2024 with a “Reduce” recommendation from previously “Hold” rating. Telsey Advisory Group maintained its rating on February 15, 2024. It rated HD as “a Market perform”.
Price Performance Review of HD
On Monday, Home Depot, Inc. [NYSE:HD] saw its stock jump 1.17% to $362.05. Over the last five days, the stock has lost -1.62%. Home Depot, Inc. shares have risen nearly 4.47% since the year began. Nevertheless, the stocks have risen 25.42% over the past one year. While a 52-week high of $396.87 was reached on 03/21/24, a 52-week low of $274.26 was recorded on 01/03/24. SMA at 50 days reached $369.72, while 200 days put it at $331.87. A total of 4.34 million shares were traded, compared to the trading of 0.64 million shares in the previous session.
Levels Of Support And Resistance For HD Stock
The 24-hour chart illustrates a support level at 358.68, which if violated will result in even more drops to 355.32. On the upside, there is a resistance level at 363.99. A further resistance level may holdings at 365.94. The Relative Strength Index (RSI) on the 14-day chart is 41.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.23%. Stochastics %K at 7.08% indicates the stock is a buying.
How much short interest is there in Home Depot, Inc.?
A steep rise in short interest was recorded in Home Depot, Inc. stocks on Mar 15, 2024, dropping by -0.51 million shares to a total of 10.41 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.92 million shares. There was a decline of -4.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.05% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.06.
