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Home Depot's stock dropped 4.8% despite strong revenue, as insider and institutional shifts occurred.
The Home Depot's stock fell 4.8% in the second quarter as PFC Capital Group sold 872 shares, reducing its stake to 17,236 shares, valued at $6.3 million.
The company reported earnings of $3.74 per share, slightly below expectations, but revenue of $41.35 billion exceeded estimates.
Despite a sell rating from one analyst, the consensus rating remains "Moderate Buy" with a target price of $409.72.
Executive William D. Bastek sold 2,303 shares in September, and Steward Partners increased its stake by 6%.
The stock trades at $343.22 with a market cap of $341.64 billion and a dividend yield of 2.7%.
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Las acciones de Home Depot cayeron un 4,8% a pesar de los fuertes ingresos, debido a cambios internos e institucionales.