The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Home Depot, Inc shares valued at $1,482,900 were purchased by Padilla Hector A on Nov 14 ’24. At $408.96 per share, Padilla Hector A acquired 3,626 shares.
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Also, Roseborough Teresa Wynn purchased 22,084 shares, netting a total of over 9,028,560 in proceeds.
Before that, Campbell Ann Marie had added 29,968 shares to its account. In a trade valued at $12,239,711, the Officer bought Home Depot, Inc shares for $408.43 each.
As published in a research note from Telsey Advisory Group on November 08, 2024, Home Depot, Inc [HD] has been rated up from a Market perform to an Outperform and the price target has been revised to $455 from $360. Analysts at Bernstein started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late October. As of October 09, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for HD. Earlier on October 02, 2024, Gordon Haskett upgraded its rating. Their new recommendation was “a Buy” for HD stock which previously was a “a Accumulate”.
Analyzing HD Stock Performance
During the last five days, there has been a surge of approximately 1.57%. Over the course of the year, Home Depot, Inc shares have jumped approximately 17.07%. Shares of the company reached a 52-week high of $421.56 on 10/15/24 and a 52-week low of $323.77 on 05/29/24. A 50-day SMA is recorded $398.51, while a 200-day SMA reached $365.57. Nevertheless, trading volume fell to 3.31 million shares from 3.08 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 402.91, which, if violated, would cause prices to drop to 400.09. In the upper region, resistance lies at 410.02. The next price resistance is at 414.31. RSI (Relative Strength Index) is 53.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.80, which suggests the price will increase in the coming days. Percent R is at 30.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
