#HomeDepot November 22
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on HOME DEPOT.
If you follow the NFL you know that Arthur Blanks is the owner of the Atlanta Falcons. He along with partner Bernie Marcus in 1978 founded the business concept for Home Depot in Atlanta Georgia. It is said that business ideas come from two places inspiration and desperation. Blanks and Marcus were fired in 1978 from Handy Dan Home Improvement Centers.
The first two stores opened in Atlanta GA on Memorial Drive and Buford Highway in 1979. Those stores revolutionizing the home improvement industry with a warehouse-style format that catered to both professionals and DIY enthusiasts. Here is a link to the company’s timeline.
Home Depot joined the Dow Jones Industrial Average (DJIA) on November 1, 1999. It replaced Sears, Roebuck & Co. Its stock price on that date was around $31.00 a share.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 22nd-Home Depot
Home Depot stock symbol is HD. From 1982 to 1999 the company has had 13 stock splits, but none have occurred since they joined the DJIA. The stock price on November 20, 2024, was $400.00 a share. I was surprised to learn that over 9.8% of the company sales come from the indoor garden beating out appliances which does 9.1%.
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