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Investing in Home Depot, Inc. (HD) Is Getting More Attractive

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 $2.84 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.

Bernstein initiated its Home Depot, Inc. [HD] rating to a Mkt perform in a research note published on October 22, 2024; the price target was $451. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Gordon Haskett also remained covering HD and has increased its forecast on October 02, 2024 with a “Buy” recommendation from previously “Accumulate” rating.

Price Performance Review of HD

On Monday, Home Depot, Inc. [NYSE:HD] saw its stock jump 1.00% to $402.89. Over the last five days, the stock has lost -0.86%. Home Depot, Inc. shares have risen nearly 16.26% since the year began. Nevertheless, the stocks have risen 44.92% over the past one year. While a 52-week high of $421.56 was reached on 10/15/24, a 52-week low of $274.26 was recorded on 05/29/24. SMA at 50 days reached $390.47, while 200 days put it at $362.70.

Levels Of Support And Resistance For HD Stock

The 24-hour chart illustrates a support level at 401.28, which if violated will result in even more drops to 399.67. On the upside, there is a resistance level at 405.17. A further resistance level may holdings at 407.45. The Relative Strength Index (RSI) on the 14-day chart is 50.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.65%. Stochastics %K at 20.84% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Home Depot, Inc. stocks on 2024-10-15, growing by 1.09 million shares to a total of 11.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.17 million shares. There was a rise of 9.68%, which implies that there is a positive sentiment for the stock.

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