Several notable events involving Home Depot (HD) have been reported. The company's shares have seen both ups and downs, with certain instances showing it trading 0.9% and 0.4% higher, while experiencing a 1.3% decline in other cases. The retail corporation's market performance seems to fluctuate, outperforming the market at times and being impacted by losses. In one report, the Dow fell by 317 points due to Home Depot and Boeing losses, contributing to its 214-point fall in another occurrence. Home Depot's recent acquisition of SRS Distribution has been noteworthy, contributing towards a $1 Trillion TAM. Meanwhile, its performance in the first quarter of the 2024 fiscal year was announced and reaffirmed. While the company surpassed Q1 earnings, it missed sales estimates. High interest rates were pinpointed as it affected Home Depot's sales. The company's shares have been actively bought and sold, with several wealth management firms increasing, reducing, or buying new stakes in HD. Despite these developments, Home Depot has experienced same-store sales fall six times in a row.
Home Depot HD News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sun, 30 Jun 2024 21:57:26 GMT - Rating -2 - Innovation 4 - Information 8 - Rumor -1
