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The Home Depot (NYSE:HD) shares snapped six straight days of gains as the stock closed 0.58% lower, at $366.60 on Monday.
The home improvement company gained more than 5% in the last six trading days. The stock closed 1.44% higher, at $368.74 on Friday.
The stock has declined more than 5% so far this year, compared to an over 4% rise in the broader benchmark index. HD is down 1% over the past one month.
Home Depot struck a deal earlier in the day to acquire GMS Inc. (GMS) through its specialty trade distribution subsidiary, SRS Distribution.
Under the terms of the agreement, a unit of SRS will commence a tender offer to acquire all outstanding shares of GMS common stock for $110 per share, for a total enterprise value of approximately $5.5 billion.
Seeking Alpha’s Quant rating and SA authors have rated the HD stock as HOLD, while sell-side analysts see it as a BUY.