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Should You Buy Home Depot Inc (HD) Stock on Friday?

Friday, January 21, 2022 10:35 AM | InvestorsObserver Analysts

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Should You Buy Home Depot Inc (HD) Stock on Friday?

The market has been down on Home Depot Inc (HD) stock recently. HD gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Home Depot Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HD!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HD Stock Today?

Home Depot Inc (HD) stock has gained 0.69% while the S&P 500 is down -1.1% as of 10:24 AM on Friday, Jan 21. HD has gained $2.41 from the previous closing price of $350.05 on volume of 1,400,936 shares. Over the past year the S&P 500 is higher by 15.10% while HD has gained 28.49%. HD earned $14.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 23.86.

More About Home Depot Inc

Home Depot is the world's largest home improvement specialty retailer, operating more than 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 has been expanded through the tie-up with HD Supply (2020). The addition of the 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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