Home Depot (HD) Off To A Strong Start In Pre-Market Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Home Depot ( HD) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Home Depot as such a stock due to the following factors:

  • HD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $608.7 million.
  • HD traded 25,232 shares today in the pre-market hours as of 9:29 AM.
  • HD is up 2.2% today from yesterday's close.

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More details on HD:

The Home Depot, Inc. operates as a home improvement retailer. The stock currently has a dividend yield of 2.2%. HD has a PE ratio of 22.9. Currently there are 10 analysts that rate Home Depot a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for Home Depot has been 5.0 million shares per day over the past 30 days. Home Depot has a market cap of $140.3 billion and is part of the services sector and retail industry. The stock has a beta of 1.19 and a short float of 1.1% with 2.07 days to cover. Shares are up 2.9% year-to-date as of the close of trading on Wednesday.

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