NYSE:HDSpecialty Retail
Assessing Home Depot Stock After Mixed Performance and Questions on Housing Market Strength
How Has Home Depot Stock Been Performing?
Before digging into what Home Depot might be worth, it helps to understand how the stock has actually been behaving in the market lately.
Over the past week, Home Depot has delivered a modest 1.6% gain, but that comes against a slightly negative 30 day move of 0.4%. Zooming out, the stock is down 8.2% year to date and 7.2% over the last year, even though it is still up 20.6% over three years and 49.3% over five years.
This mix of short term weakness...