HD Supply Holdings (NASDAQ:HDS) has tumbled 1.5% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.4% in the last four weeks. The stocks have underperformed the S&P 500 by 0.32% during the past week but HD Supply Holdings (NASDAQ:HDS) it has outperformed the index in 4 weeks by 1.46%.
HD Supply Holdings (NASDAQ:HDS): The stock opened at $34.57 on Friday but the bulls could not build on the opening and the stock topped out at $35.11 for the day. The stock traded down to $34.13 during the day, due to lack of any buying support eventually closed down at $34.18 with a loss of -1.13% for the day. The stock had closed at $34.57 on the previous day. The total traded volume was 1,858,240 shares.
The company shares have dropped -3.53% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $36.81 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $34.20 and the 200 Day Moving Average price is recorded at $30.52.
On the companys insider trading activities,The (SVP, Chief HR Officer) of Hd Supply Holdings, Inc., Newman Margaret sold 18,000 shares at $36 on June 8, 2016. The Insider selling transaction had a total value worth of $648,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Longbow Research initiates coverage on HD Supply Holdings (NASDAQ:HDS). Longbow Research has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $43 per share. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 0.98% of HD Supply Holdings shares according to the proxy statements. Institutional Investors own 96.4% of HD Supply Holdings shares.
HD Supply Holdings, Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance, repair and operations (MRO) products, provides value-add services and fabricates custom products. Waterworks distributes water and wastewater transmission products, serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, and arranges materials management and procurement outsourcing for the power generation and distribution industries. Construction & Industrial-White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors.