Large Inflow of Money Detected in Home Depot (The)

Home Depot (The) (HD) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $80.47 million worth of transactions were on upticks, whereas, the downticks accounted for $60.95 million worth of transactions. The net money flow was a positive $19.51 million and the uptick to downtick ratio was 1.32. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 11.78 in their favor. The net money flow into the stock was $15.73 million. The value of block trades done on downticks was only $1.46 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $17.19 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Home Depot (The) (HD) was trading at $134.1, down $0.45 during day. The stock slid -0.33% over the previous days close. For the week, the stock recorded -0.19% over the previous weeks close.


Also, In a research note released to the investors, Deutsche Bank maintains its rating on Home Depot (The) (NYSE:HD).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $143 per share to $145 per share. The rating by the firm was issued on August 17, 2016.

The Home Depot, Inc. has lost 1.56% in the last five trading days and dropped 3.37% in the last 4 weeks. The Home Depot, Inc. is up 1.72% in the last 3-month period. Year-to-Date the stock performance stands at 2.48%.

Home Depot (The) (NYSE:HD): The stock opened at $134.80 on Tuesday but the bulls could not build on the opening and the stock topped out at $135.05 for the day. The stock traded down to $133.63 during the day, due to lack of any buying support eventually closed down at $134.10 with a loss of -0.33% for the day. The stock had closed at $134.55 on the previous day. The total traded volume was 3,440,622 shares.

In a related news, Crow Timothy M, officer (EVP – Human Resources) of Home Depot Inc, unloaded 49,392 shares at an average price of $135.06 on August 18, 2016. The total amount of the transaction was worth $6,670,884, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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