HD Supply Holdings (HDS) : Traders are bullish on HD Supply Holdings (HDS) as it has outperformed the S&P 500 by a wide margin of 3.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.04% in the last 1 week, and is up 7.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.01% and the 50-Day Moving Average is 7.09%.
HD Supply Holdings (NASDAQ:HDS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.69 and $36.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.84, notching a gain of 0.49% for the day. The total traded volume was 1,621,936 . The stock had closed at $36.66 on the previous day.
The company Insiders own 0.98% of HD Supply Holdings shares according to the proxy statements. Institutional Investors own 96.02% of HD Supply Holdings shares. In a related news, The Securities and Exchange Commission has divulged that Newman Margaret, (SVP, Chief HR Officer) of Hd Supply Holdings, Inc., had unloaded 18,000 shares at an average price of $36 in a transaction dated on June 8, 2016. The total value of the transaction was worth $648,000.
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.