Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Home Depot, Inc. shares valued at $1,866,672 were purchased by Roseborough Teresa Wynn on Aug 15 ’24. At $359.32 per share, Roseborough Teresa Wynn acquired 5,195 shares.
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Also, Carey Matt sold 56,008 shares, netting a total of over 19,332,587 in proceeds. Following the sale of shares at $345.18 each, the insider now holds 33,325 shares.
Before that, Siddiqui Fahim had sold 3,000 shares from its account. In a trade valued at $1,031,370, the EVP and CIO traded Home Depot, Inc. shares for $343.79 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $2.94 million.
Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late June. As of April 01, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for HD. Earlier on March 19, 2024, Mizuho initiated its rating. Their recommendation was “a Buy” for HD stock.
Analyzing HD Stock Performance
During the last five days, there has been a surge of approximately 3.37%. Over the course of the year, Home Depot, Inc. shares have jumped approximately 3.90%. Shares of the company reached a 52-week high of $396.87 on 03/21/24 and a 52-week low of $323.77 on 05/29/24. A 50-day SMA is recorded $349.52, while a 200-day SMA reached $345.66. Nevertheless, trading volume fell to 3.51 million shares from 4.81 million shares the previous day.
Support And Resistance Levels for Home Depot, Inc. (HD)
According to the 24-hour chart, there is a support level at 357.00, which, if violated, would cause prices to drop to 353.94. In the upper region, resistance lies at 364.27. The next price resistance is at 368.48. RSI (Relative Strength Index) is 55.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 37.50%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
