• Home Depot's Latest Moves: Upgrade, Founder Passing, and Intraday Activity

  • Nov 12 2024
  • Length: 2 mins
  • Podcast

Home Depot's Latest Moves: Upgrade, Founder Passing, and Intraday Activity

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  • Summary

  • **Home Depot (HD) Analysis**

    1. **Current Price and Intraday Trading Range**: As of the latest data, Home Depot (HD) is trading at $408.29, with an intraday high of $404.50 and a low of $400.00[4][5].

    2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is provided in the sources.

    3. **Trading Volume vs Average**: The current volume is 29.37K, which is significantly lower than the average volume of 2.78M[5].

    4. **Recent News or Announcements**: The most recent news is the passing of Bernard Marcus, co-founder of Home Depot, at the age of 95[5].

    5. **Major Analyst Updates or Price Target Changes**: Telsey Advisory upgraded Home Depot to Outperform from Market Perform with a price target of $455, up from $360[5].

    6. **Options Flow Activity**: No specific options flow data is provided in the sources.

    7. **Related Sector News**: Home Depot is not directly related to the semiconductor/AI sector, so there is no relevant news affecting it.

    8. **Key Technical Indicators for Day Trading**:
    - **Price Movement**: HD has increased by 1.23% in the past 24 hours[4].
    - **52-Week High/Low**: The 52-week high is $421.56, and the 52-week low is $286.79[5].
    - **Market Sentiment**: 59.5% of ratings suggest buying, 31% holding, and 9.5% selling[5].
    - **Price-Earnings Ratio**: The P/E ratio is 26.62, and the dividend yield is 2.23%[5].

    **Summary**: Home Depot (HD) is currently trading at $408.29, with a recent upgrade from Telsey Advisory to Outperform and a price target increase to $455. The stock has seen a 1.23% increase in the past 24 hours, with a generally positive market sentiment. Key technical indicators suggest a strong position, but trading volume is lower than average. The recent news of Bernard Marcus's passing does not appear to have significantly impacted the stock price.
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