Home Depot Slips to 52nd in Trading Volume with $1.098 Billion Turnover Amid Market Fluctuations

Generado por agente de IAAinvest Volume Radar
miércoles, 28 de mayo de 2025, 8:01 pm ET1 min de lectura
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On May 28, 2025, The Home DepotHD--, Inc. (HD) experienced a significant decline in trading volume, with a total turnover of $1.098 billion, marking a 25.49% decrease from the previous day. This placed HD at the 52nd position in terms of trading volume among all stocks for the day. The stock price of HD also decreased by 0.63%.

Analysts from Wolfe Research maintained an "Outperform" rating on HD but reduced their price target. Jim Cramer noted that HD's stock continues to experience fluctuations. Despite market conditions deteriorating, there is no quick fix for HD. The company has declared a first-quarter dividend of $2.30 per share, which was affirmed despite recent share price dips. HD has also raised its quarterly dividend by 2.2% to $2.30 per share but continued its pause on share repurchases initiated in March 2024.

HD has stated that it will generally maintain current pricing despite tariffs, which has been a significant concern for investors. The company has also reaffirmed its fiscal 2025 guidance, indicating confidence in its outlook despite the challenges posed by tariffs and supply chain risks. HD's decision to keep prices stable in the face of tariffs has been noted as a strategic move to maintain market share and customer loyalty.

HD's first-quarter earnings report showed a modest miss in headline figures, but the company's sales exceeded estimates, driven by stable demand. The company has also highlighted its commitment to navigating growth amidst economic uncertainties. HD's management has emphasized that the housing market chill is impacting the company, but it remains focused on delivering value to its customers and shareholders.

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