Why Home Depot Stock Edged Higher on Tuesday
On Tuesday, investors continued to digest Monday's news from Home Depot (NYSE: HD) that it had made a fresh acquisition. Meanwhile, several analysts felt compelled to issue updates on the stock, and these tended to be bullish. At the end of Tuesday's trading session, the company's share price was up by nearly 2% on a day when the S 500 index dipped by 0.1%.
Home Depot kicked off the business week by announcing that it had acquired specialty building products distributor via a subsidiary. The price is $110 per share in cash, valuing the equity at around $4.3 billion.
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Source Fool.com
