Investing.com - Home improvement companies were seeing a pullback in their share values on Monday, now that the worst of Hurricane Irma has passed with damage estimates starting to come in from Florida.
Flooding hit areas of Florida and now the hurricane is en route to Georgia. While damages will be assessed over the coming months, on Monday the likes of Home Depot and Lowes were pulling back after the companies saw their share values rally due to Hurricane Harvey and Hurricane Irma.
Monday afternoon, Home Depot Inc (NYSE:HD)shares were down over 1%, but up almost 5% over the last five days. Lowe’s Companies Inc (NYSE:LOW)shares were also down about 1%, but up 4% over the past five sessions.