Home Depot Makes New All-Time High After Q4 Beat

Home Depot Inc HD shares are trading higher by $0.72 at $143.72 in Tuesday's session. The catalyst for the rally is a Q4 EPS beat of $0.11 along with a revenue beat of just under $500 million.

After a much higher open, it rallied another nickel to $145.65, which far exceeds its all-time high from Friday ($143.12), before profit-takers swarmed the issue.

So far the ensuing decline has taken the issue within a quarter of Friday's all-time closing high price of $143.00. At this time, the issue is struggling to remain in the $144.00 handle.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!