Home Depot Shares Tumble Over 2%, Eyes on Monday’s Open for Signs of a Rebound or Further Slides

NEW YORK – Shares of retail giant Home Depot Inc. (HD) ended a rough trading session on Friday, closing down significantly and leaving investors to ponder the stock’s direction heading into next week. The company’s stock finished the day at

8.46 or 2.33%.

The negative sentiment appeared to spill over into after-hours trading, where the stock dipped a further 0.072%, signaling that selling pressure had not fully subsided by the closing bell.

A look at the day’s trading pattern reveals a sustained downward trend. After opening at $360.00, the stock failed to gain upward momentum, hitting a high of just $362.79 before consistently selling off throughout the day. The stock recorded a daily low of $352.80, closing nearer to its bottom than its peak—a technical signal often watched by traders as an indicator of bearish sentiment.

The sharp drop pushes Home Depot’s stock price closer to its 52-week low of $326.31 and further away from its 52-week high of $439.37.

Outlook for Monday:

Based on Friday’s performance, the market is likely to see one of two scenarios on Monday morning:

• Bearish Case (Down): The strong negative momentum from Friday’s close, coupled with the slight dip in after-hours trading, suggests that Home Depot could open lower on Monday. If broad market sentiment is negative over the weekend, or if no positive company-specific news emerges, the stock may continue its slide as sellers remain in control.

• Bullish Case (Up): Alternatively, a significant single-day drop like this can attract “bargain hunters” and value investors. Buyers may see the new, lower price as an attractive entry point, especially considering the company’s solid 2.59% dividend yield. This could lead to a rebound or “technical bounce” on Monday as buying pressure counters the recent sell-off.

Friday’s trading was unequivocally negative for Home Depot shareholders. While the technical indicators point towards continued weakness, a sharp sell-off can sometimes set the stage for a quick recovery. Monday’s opening price and initial trading volume will be critical in determining whether the stock has found a temporary bottom or if more downside is on the horizon. Investors will be closely watching for any external market news over the weekend that could influence the home improvement sector.