Why Home Depot Stock Lost 14% in March

Shares of Home Depot (NYSE: HD) pulled back last month as the home improvement retailer got swept up in the coronavirus-driven sell-off. As a retail stock, the company is vulnerable to changing shopping patterns even though Home Depot is considered an essential retailer and its stores have remained open.

According to data from S&P Global Market Intelligence, the stock fell 14% in March. As you can see from the chart below, the stock mostly fell in tandem with the S&P 500.

Continue reading

Source Fool.com