Why Home Depot Stock Gained 17.7% in April
Shares of Home Depot (NYSE: HD) were up 17.7% in April, while the S&P 500 gained over 12%, according to data provided by S&P Global Market Intelligence. Staying open during a time when many businesses were forced to shut down because of the COVID-19 pandemic gave it a crucial source of revenue.
Early in April, the company made an announcement highlighting the changes it was making to limit the spread of the outbreak while providing essential products and services to its customers.
Among the safety measures announced, the company will close stores earlier, limit the number of customers allowed into stores at one time, and ask associates to check their temperature before reporting to work.
Source Fool.com
