The Home Depot stock rose by 0.6 percent to EUR 311.05 during XETRA trading on Wednesday afternoon, making it one of the more successful stocks of the day. The price reached a high of EUR 311.15.
Current Market Movements
Earlier in the morning, the stock had already shown a positive development, increasing by 0.4 percent to about EUR 310.25. This price movement is interesting for private investors as it reflects the current market trend of a significant US retail chain in the DIY sector.
Long-term Consideration
Despite the positive daily movement, the Home Depot stock is down about 9 percent over the past year and is currently approximately 27 percent below its 52-week high. Analysts generally rate the stock positively: about 54 percent recommend a ‘Strong Buy’, another 13 percent a ‘Buy’, while about one-third advises caution (‘Hold’).
Overall, a temporarily positive price movement is evident on Wednesday afternoon for Home Depot at the XETRA stock exchange in Frankfurt, which can be interpreted as a signal of a good daily performance for investors.