Home Depot Shares Slide After Chainsaw Recall
Home Depot (NYSE:HD) shares fell nearly 2.5% in Wednesday afternoon trading following a voluntary recall of the M18 FUEL Top Handle Chainsaw. The recall was issued after two reported cases of brake safety failures, including one injury. Approximately 90,860 units sold in the U.S. and 7,500 in Canada are affected, with specific catalog and serial numbers identified for return.
The chainsaw, sold between March 2023 and September 2024, will be repaired free of charge by manufacturer Milwaukee Tool. Market reaction highlights investor sensitivity to product safety issues, even for inherently dangerous tools like chainsaws.