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 $1,236,915 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 $8.4 million following the completion of this transaction.
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 $4.87 million.
As published in a research note from HSBC Securities on February 26, 2025, Home Depot, Inc [HD] has been rated up from a Reduce to a Hold and the price target has been revised to $410 from $356. Analysts at Telsey Advisory Group upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of October 22, 2024, Bernstein has initiated its “Mkt perform” rating for HD. Earlier on October 09, 2024, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for HD stock which previously was a “a Hold”.
Analyzing HD Stock Performance
During the last five days, there has been a drop of approximately -1.25%. Over the course of the year, Home Depot, Inc shares have jumped approximately 0.38%. Shares of the company reached a 52-week high of $426.19 on 01/27/25 and a 52-week low of $378.20 on 02/24/25. A 50-day SMA is recorded $402.26, while a 200-day SMA reached $381.47. Nevertheless, trading volume fell to 3.86 million shares from 6.82 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 386.40, which, if violated, would cause prices to drop to 382.33. In the upper region, resistance lies at 396.71. The next price resistance is at 402.95. RSI (Relative Strength Index) is 40.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -13.11, which suggests the price will decrease in the coming days. Percent R is at 69.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
