Home Depot (The) (NYSE:HD) has tumbled 1.31% during the past week and has dropped 3.57% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.13%. Home Depot (The) (NYSE:HD) has underperformed the index by 4.45% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Home Depot (The) (NYSE:HD): The stock opened at $127.52 on Friday but the bulls could not build on the opening and the stock topped out at $127.78 for the day. The stock traded down to $126.73 during the day, due to lack of any buying support eventually closed down at $127.14 with a loss of -0.17% for the day. The stock had closed at $127.36 on the previous day. The total traded volume was 7,541,933 shares.
The company shares have rallied 12.44% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $137.82 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $132.09 and the 200 Day Moving Average price is recorded at $129.24.
On the companys insider trading activities, Hewett Wayne M., director of Home Depot Inc, executed a transaction worth $46,386 on May 31, 2016. A total of 350 shares were purchased at an average price of $132.53. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. BTIG Research initiates coverage on Home Depot (The) (NYSE:HD) In a research note issued to the investors, the brokerage major announces price-target of $155 per share.The shares have been rated Buy. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 0.26% of Home Depot (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.36% . Institutional Investors own 75.58% of Home Depot (The) shares. During last six month period, the net percent change held by insiders has seen a change of 66.78%.
The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. As of December 31, 2014, the Company had 2,269 The Home Depot stores, which included 1,977 stores in the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada, and 111 stores in Mexico.