Wondering if Home Depot’s stock is a bargain right now? You’re not alone, especially with the way the market has been moving lately.
After peaking earlier this year, Home Depot’s share price has slipped by 3.3% over the last week and is down 8.6% in the past month. This has nudged the stock into negative territory for the year so far at -7.8%.
Recent headlines have highlighted consumers tightening their wallets and slowing home improvement spending, especially as higher interest rates and economic uncertainty persist. These factors are fueling debate among investors about whether the stock’s recent slide reflects temporary caution or signals a longer-term shift in Home Depot’s prospects.
