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Home Depot Stock Dips Despite Major Theft Ring Bust in California

Home Depot Stock Dips Despite Major Theft Ring Bust in California

Author:

Global Cryptocurrency

Published:

2025-10-27 16:37:02

22

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BTCCSquare news:

Home Depot shares edged lower Monday morning despite positive developments in a high-profile theft case. Santa Clara County authorities dismantled an organized retail crime ring, recovering over $1 million in stolen merchandise—primarily power tools and housewares—from residences, storage units, and a warehouse.

The operation allegedly generated $10,000 daily through dual schemes: fencing stolen goods online and scamming elderly victims into purchasing gift cards for merchandise acquisition. Market reaction remained muted, with HD stock dipping fractionally as investors continue navigating the home improvement sector's cyclical challenges.

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