Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Home Depot, Inc shares valued at $1,236,915 were sold by Bastek William D on Nov 22 ’24. At $416.61 per share, Bastek William D sold 2,969 shares. The insider’s holdings dropped to 21,514 shares worth approximately $8.28 million following the completion of this transaction.
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Also, Bastek William D purchased 2,969 shares, netting a total of over 1,236,910 in proceeds.
Before that, Campbell Ann Marie had sold 100 shares from its account. In a trade valued at $40,258, the Senior EVP traded Home Depot, Inc shares for $402.58 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $4.8 million.
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 drop of approximately -7.09%. Over the course of the year, Home Depot, Inc shares have jumped approximately 11.10%. Shares of the company reached a 52-week high of $439.37 on 11/26/24 and a 52-week low of $323.77 on 05/29/24. A 50-day SMA is recorded $410.40, while a 200-day SMA reached $371.55. Nevertheless, trading volume fell to 4.55 million shares from 4.08 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 381.56, which, if violated, would cause prices to drop to 378.10. In the upper region, resistance lies at 391.81. The next price resistance is at 398.60. RSI (Relative Strength Index) is 29.06 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -21.71, which suggests the price will decrease in the coming days. Percent R is at 99.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
