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Monitoring Home Depot, Inc. (HD) after recent insider movements

Home Depot, Inc.’s filing revealed that its EVP, Customer Experience Carey Matt unloaded Company’s shares for reported $19.33 million on May 16 ’24. In the deal valued at $345.18 per share,56,008 shares were sold. As a result of this transaction, Carey Matt now holds 33,325 shares worth roughly $11.08 million.

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Then, Siddiqui Fahim sold 3,000 shares, generating $1,031,370 in total proceeds. Upon selling the shares at $343.79, the EVP and CIO now owns 8,155 shares.

Before that, Padilla Hector A sold 82 shares. Home Depot, Inc. shares valued at $28,619 were divested by the EVP – US Sales and Operations at a price of $349.01 per share. As a result of the transaction, Padilla Hector A now holds 14,015 shares, worth roughly $4.66 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 1.69% to $332.56. Over the last five days, the stock has gained 1.39%. Home Depot, Inc. shares have fallen nearly -4.04% since the year began. Nevertheless, the stocks have risen 10.45% 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 05/29/24. SMA at 50 days reached $339.73, while 200 days put it at $335.46. A total of 2.62 million shares were traded, compared to the trading of 2.58 million shares in the previous session.

Levels Of Support And Resistance For HD Stock

The 24-hour chart illustrates a support level at 328.44, which if violated will result in even more drops to 324.32. On the upside, there is a resistance level at 334.74. A further resistance level may holdings at 336.92. The Relative Strength Index (RSI) on the 14-day chart is 47.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.28%. Stochastics %K at 36.57% indicates the stock is a holding.

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