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Understanding the Risks of Investing in Home Depot, Inc. (HD)

In a filing, Home Depot, Inc. revealed its SVP-Finance, CAO & Controller Scardino Kimberly R unloaded Company’s shares for reported $0.62 million on Aug 19 ’24. In the deal valued at $363.00 per share,1,700 shares were sold. As a result of this transaction, Scardino Kimberly R now holds 7,037 shares worth roughly $2.63 million.

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Then, Roseborough Teresa Wynn sold 5,195 shares, generating $1,866,667 in total proceeds. Upon selling the shares at $359.32, the EVP, Gen. Counsel & Corp. Sec. now owns 20,399 shares.

Before that, Scardino Kimberly R bought 1,700 shares. Home Depot, Inc. shares valued at $617,100 were divested by the Officer at a price of $363.00 per share.

A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in late June from “a Neutral” to “a Buy”. Telsey Advisory Group also remained covering HD and reiterated its “Market perform” recommendation on April 01, 2024. Mizuho started covering the stock on March 19, 2024. It rated HD as “a Buy”.

Price Performance Review of HD

On Monday, Home Depot, Inc. [NYSE:HD] saw its stock fall -0.39% to $374.11. Over the last five days, the stock has gained 3.04%. Home Depot, Inc. shares have risen nearly 7.95% since the year began. Nevertheless, the stocks have risen 15.97% 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 $354.11, while 200 days put it at $348.38.

Levels Of Support And Resistance For HD Stock

The 24-hour chart illustrates a support level at 372.13, which if violated will result in even more drops to 370.14. On the upside, there is a resistance level at 377.34. A further resistance level may holdings at 380.57. The Relative Strength Index (RSI) on the 14-day chart is 62.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.40%. Stochastics %K at 88.07% indicates the stock is a selling.

How much short interest is there in Home Depot, Inc.?

A steep rise in short interest was recorded in Home Depot, Inc. stocks on 2024-07-31, growing by 1.39 million shares to a total of 9.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 7.73 million shares. There was a rise of 15.28%, which implies that there is a positive sentiment for the stock.

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