Overall market sentiment has been high on Home Depot Inc (HD) stock lately. HD receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Home Depot Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HD!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With HD Stock Today?
Home Depot Inc (HD) stock is trading at $321.90 as of 1:28 PM on Wednesday, Sep 1, a loss of -$2.63, or -0.81% from the previous closing price of $324.53. The stock has traded between $320.28 and $325.78 so far today. Volume today is low. So far 1,898,875 shares have traded compared to average volume of 2,928,576 shares.
To screen for more stocks like Home Depot Inc click here.
More About Home Depot Inc
Home Depot is the world's largest home improvement specialty retailer, operating nearly 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which recently expanded through the acquisition of HD Supply. The tie-up with Company Store brought textile exposure to Home Depot's lineup.
Click Here to get the full Stock Report for Home Depot Inc stock.
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