HD Supply Holdings (HDS) has been under a strong bear grip, hence the stock is down -0.63% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.75% in the past 1 week. The stock has risen by 0.72% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.25% in the past 4 weeks.
HD Supply Holdings, Inc. is up 8.78% in the last 3-month period. Year-to-Date the stock performance stands at 20.91%. The stock has recorded a 20-day Moving Average of 0.98% and the 50-Day Moving Average is 2.65%.
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 $36.22 and $36.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.31, notching a gain of 0.25% for the day. The total traded volume was 981,403 . The stock had closed at $36.22 on the previous day.
Also, 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.
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.