Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Home Depot, Inc. shares valued at $617,100 were sold by Scardino Kimberly R on Aug 19 ’24. At $363.00 per share, Scardino Kimberly R sold 1,700 shares. The insider’s holdings dropped to 7,037 shares worth approximately $2.7 million following the completion of this transaction.
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Also, Roseborough Teresa Wynn sold 5,195 shares, netting a total of over 1,866,667 in proceeds. Following the sale of shares at $359.32 each, the insider now holds 20,399 shares.
Before that, Scardino Kimberly R had added 1,700 shares to its account. In a trade valued at $617,100, the Officer bought Home Depot, Inc. shares for $363.00 each.
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 3.65%. Over the course of the year, Home Depot, Inc. shares have jumped approximately 10.81%. 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 $363.13, while a 200-day SMA reached $353.74. Nevertheless, trading volume fell to 3.42 million shares from 2.95 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 379.16, which, if violated, would cause prices to drop to 374.32. In the upper region, resistance lies at 390.76. The next price resistance is at 397.52. RSI (Relative Strength Index) is 68.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.84, which suggests the price will increase in the coming days. Percent R is at 24.68%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
