Oklahoma Representative Sells Home Depot Shares Amid Rising Mortgage Rates

Representative Kevin Hern of Oklahoma recently sold shares of Home Depot Inc. (NYSE: HD) worth between $15,001 and $50,000 on September 2nd.

This disclosure was made in a filing with the SEC on September 25th. Hern also disclosed recent sales of other stocks including CenterPoint Energy (NYSE: CNP), TJX Companies (NYSE: TJX), STERIS (NYSE: STE), Seagate Technology (NASDAQ: STX), NextEra Energy (NYSE: NEE), Marsh & McLennan Companies (NYSE: MRSH), IQVIA (NYSE: IQV), and Emerson Electric (NYSE: EMR).

Home Depot's stock price has been under pressure due to rising mortgage rates, which are weakening housing activity. Analysts and commentators have pointed to fundamental weakness in the company, including a prolonged housing turnover freeze.