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 $6,553,958 were sold by Hourigan Timothy A. on Nov 18 ’24. At $409.52 per share, Hourigan Timothy A. sold 16,004 shares. The insider’s holdings dropped to 77,475 shares worth approximately $31.8 million following the completion of this transaction.
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Also, THE ANN M AND CHRIS CAMPBELL C purchased 100 shares, netting a total of over 40,258 in proceeds.
Before that, Hourigan Timothy A. had added 16,004 shares to its account. In a trade valued at $6,553,878, the Officer bought Home Depot, Inc shares for $409.52 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 1.17%. Over the course of the year, Home Depot, Inc shares have jumped approximately 18.44%. 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 $402.40, while a 200-day SMA reached $366.79. Nevertheless, trading volume fell to 3.72 million shares from 4.73 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 403.42, which, if violated, would cause prices to drop to 396.40. In the upper region, resistance lies at 414.43. The next price resistance is at 418.42. RSI (Relative Strength Index) is 55.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.00, which suggests the price will increase in the coming days. Percent R is at 16.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
