Home Depot Inc. (NYSE:HD) and Lowe’s Cos. (NYSE:LOW) would recollect flushing systems in the US and Canada following consumers gave their pessimistic feedback that the systems can break open, discharge stored pressure and smash the toilet tank.
The US Consumer Product Safety Commission and Health Canada revealed the reminder on Thursday. Flushmate, the maker and a unit of the Sloan Valve Company, has got 304 reports of the system breakage, resulting in property damage and 14 crash or slash casualties.
The Flushmate III Pressure-Assist Flushing System was created in the US by Flushmate around October 1997 and February 2008, according to the commission. The systems were marketed and sold by Home Depot, Low’s, distributors and plumbing dealers for almost $108.
Its competitors include Lowe’s Companies, Inc. (NYSE:LOW) that slipped -2.41% to $27.94 with the total traded volume of 2.82 million shares.
Other services stocks with bullish trend include Rite Aid Corporation (NYSE:RAD) up 8.12% to $1.26, US Airways Group, Inc. (NYSE:LCC) up 4.14% to $13.57 and Michael Kors Holdings Ltd (NYSE:KORS) up 1.02% to $42.40, whereas with bearish trend include Bed Bath & Beyond Inc. (NASDAQ:BBBY) down -14.48% to $63.00, Sirius XM Radio Inc (NASDAQ:SIRI) down -1.04% to $1.90 and Delta Air Lines, Inc. (NYSE:DAL) down -0.04% to $11.20.
The Home Depot, Inc. (NYSE:HD) stock’s trade at beginning with a price of $52.81 and the current trading session climbed at a high of $53.00 other than the stock finally dropped -1.19% to $52.20 at 10:35AM EDT.
Shares price of HD moved up from its 20 days moving average with +3.15% and remote positively from 50 days moving average with +3.48%. HD current year earnings per share experienced an addition with -2.29% while its current quarter performance remained 6.73%.
HD has a trade volume of 2.32 million shares is lesser as compared to average trading capacity of 13.88 million shares.
HD last month stock price volatility remained 1.96%. In its share capital HD has 1.53 Billion outstanding shares among them 1.53 Billion shares have been floated in market exchange. HD stock institutional ownership remained 74.44% while insider ownership included 0.13%.
The stock is ahead its 52 week low with 90.74% and lagging behind from its 52 week high price with -2.00%. Company’s beta coefficient included 0.80. Beta factors measures the amount of market risk associated with market trade.
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