office depot stock

Office Depot, Inc. engages in the provision of office products, services, supplies, and technology solutions. Shares of Office Depot Inc. ODP, -0.16% rose 0.7% in midday trading Tuesday, ahead of the previously announced reverse stock split, which is aimed at increasing the shares' trading price. Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating as they begin their biggest price moves. Investors are looking for a nice buyout premium in some sort of merger with privately held rival Staples. This change lagged the S&P 500's … © 2021 Verizon Media. Office Depot (ODP Quick Quote ODP - Free Report) closed at $47.48 in the latest trading session, marking a -0.06% move from the prior day.This change lagged the … This newly-formed holding company was created following the … 5 Best Value Picks Based on Discounted PEG. On Wednesday, The ODP received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82. Historical and current end-of-day data provided by FACTSET. But now it seems investors are starting to twig to the news, and Office Depot stock is down 7.1% at today's close. Why Stocks Can Still Shine. Currency in USD, Stock chart is not supported by your current browser. It operates through the following segments: Retail, Business Solutions, and CompuCom. When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Office Depot, Inc. today announced a reverse stock split of the Company’s common stock at a ratio of 1-for-10, to be effective on June 30, 2020. Annual stock financials by MarketWatch. Real time Office Depot (ODP) stock price quote, stock graph, news & analysis. It can be used to make informed decisions about market timing, and when buying or selling Office shares will generate the highest return on investment. Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. The company's brand portfolio includes Office Depot(R), OfficeMax(R), CompuCom(R) and Grand&Toy (R). U.N. Panel of Experts alleges Blackwater founder and Trump ally Erik Prince breached Libya arms embargo, says diplomat. The major determining factor in this rating is whether the stock is trading close to its 52-week-high. View the latest ODP Corp. (ODP) stock price, news, historical charts, analyst ratings and financial information from WSJ. The WSJ report, citing a letter it reviewed, said ODP has determined that rather than a sale, it prefers a sale of its retail and consumer-facing e-commerce operations. ODP's stock, which is on track for the highest close since October 2017, has rocketed 94.1% over the past three months, while the S&P 500 has tacked on 9.8%. Jan 11 / CNN.com - Paid Partner Content. Intraday data delayed at least 15 minutes or per exchange requirements. The company was founded by F. Patrick Sher, Stephen Dougherty, and Jack Kopkin in March 1986 and is headquartered in Boca Raton, FL. ODP or FIVE: Which Is the Better Value Stock Right Now? Some parts of this page is not supported on your current browser version. They Still Have Room to Run. However, Office Depot's stock price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Copyright © 2021 MarketWatch, Inc. All rights reserved. Investors need to pay close attention to The ODP Corporation (ODP) stock based on the movements in the options market lately. Office Depot (ODP) closed at $47.48 in the latest trading session, marking a -0.06% move from the prior day. Office Depot announced last week that it would move forward with a reverse stock split of its shares. ODP Well-Positioned to Maintain Momentum This Year, Top Ranked Growth Stocks to Buy for January 4th, Top Ranked Value Stocks to Buy for January 4th, Top Ranked Growth Stocks to Buy for December 31st. All rights reserved. According to 3 analysts, the average rating for Office Depot stock is "Buy." The ODP Corporation is a provider of business services, products and digital workplace technology solutions to small, medium and enterprise businesses. This newly-formed holding company was created following the … Investors typically determine Office Depot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Oracle Is Turning Into a Cloud Giant. The relative strength of a dividend stock indicates whether the stock is uptrending or not. ODP says Staples' offer would expose the Office Depot parent to 'material uncertainty.' Top Ranked Growth Stocks to Buy for January 4th, Top Ranked Value Stocks to Buy for January 4th, Top Ranked Growth Stocks to Buy for December 31st, Zacks.com featured highlights include: LabCorp, Honda Motor, Boise Cascade, ODP Corp and General Motors, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. Tech Valuations Are Getting Scary. Staples offers to buy Office Depot for $2.1 billion. On January 11th, 2021, Staples made an unsolicited offer to purchase all of Office Depot's issued and outstanding common stock at $40 per share, which would total just over $2.1 billion. As of this writing, the price per share is $2.20. This browser is no longer supported at MarketWatch. Shares of ODP Corp. shot up 18.9% toward the highest close in more than three years, after the office supplies business services provider confirmed it received an buyout bid from Staples parent USR Parent, which is owned by Sycamore Partners. PayPal Stock Passes Mastercard and Looks to a High-Growth Future. Log in to see them here or sign up to get started. The ODP Corporation replaces Office Depot, Inc. as the public company trading on Nasdaq under the ticker symbol — ODP. After the markets close today, Office Depot stock will undergo a 1-for-10 reverse split. First, Staples previously tried to purchase Office Depot in a larger $6.3 billion deal that was called off in 2016 due to antitrust concerns. The CompuCom segment comprises procurement, installation, and managing the life cycle of hardware and software businesses; and offers information technology (IT) support services including remote help desk, data centers, and on-site IT professionals. The move had been telegraphed for a while, with shareholders having approved a … ', Zacks Value Trader Highlights: Everest Re Group, KB Home, Manulife Financial, ODP Corp and Sanmina Corp. After a red-hot stock market in 2020, are there ANY stocks that are dirt cheap and have rising earnings estimates to start 2021? The ODP Corporation was … Office Depot's stock gains ahead of reverse stock split, set to take effect after the closing bell Jun. There are currently no items in this Watchlist. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Stock analysis for ODP Corp/The (ODP:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. From basic office supplies, such as printer paper and labels, to office equipment, like file cabinets and stylish office furniture, Office Depot and OfficeMax have the office products you need to get the job done.Maintain a well-stocked office breakroom.Save on printer ink and toner to keep your office efficient and productive. From basic office supplies, such as printer paper and labels, to office equipment, like file cabinets and stylish office furniture, Office Depot and OfficeMax have the office products you need to get the job done.Maintain a well-stocked office breakroom.Save on printer ink and toner to keep your office efficient and productive. Office Depot is selling at 46.77 as of the 6th of February 2021; that is 0.0428 percent up since the beginning of the trading day. ... Office Depot … ODP says deal could be in form of a joint venture or acquisition, ODP makes offer in letter to Staples' parent Sycamore Partners, Office Depot parent ODP proposes combining consumer-focused retail operations with Staples, ODP upgraded to neutral from underweight at J.P. Morgan, Office Depot's stock halted for news pending, Office Depot to conduct 1-for-10 reverse stock split effective June 30, Office Depot suspends share buybacks and dividend temporarily, Office Depot withdraws 2020 guidance over coronavirus pandemic uncertainty, Office Depot has $1.7 bln in available liquidity, How to trade the S&P 500 index after Wednesday’s big drop, Keep riding the S&P 500’s momentum because the chart is so strong, ODP's stock slips after WSJ report of rejecting Staples' buyout bid, ODP's stock soars to more than 3-year high after confirming Staples' buyout bid, Office Depot's stock falls after reverse stock split multiplies price by 10, Office Depot's stock gains ahead of reverse stock split, set to take effect after the closing bell, Office Depot appoints Scaglione as new CFO, Small-Caps Have Seen More Dividend Pressure Than Large-Caps Have, Office Depot shares jump premarket after earnings top estimates, company adopts poison pill, The ODP Corporation (ODP) BuyerQuest Buyout to Boost P2P Services, ODP Corporation (ODP) BuyerQuest Buyout to Boost P2P Services, ODP Corp. (ODP) Outpaces Stock Market Gains: What You Should Know, Office Depot (ODP) Stock Sinks As Market Gains: What You Should Know, ODP Turns Down Stapes Buyout Offer, Proposes Alternative Plan, ODP's Shares Rise Sharply on Staples' Takeover Offer, Top Analyst Upgrades and Downgrades: Aflac, Commercial Metals, ConocoPhillips, Nio, Occidental, Royal Dutch Shell, Target, Wells Fargo and more, Zacks Value Trader Highlights: Everest Re Group, KB Home, Manulife Financial, ODP Corp and Sanmina Corp. Are Options Traders Betting on a Big Move in The ODP Corporation (ODP) Stock? Privacy Notice, and Cookie Notice (). By using this site you agree to the USR Parent presented a plan to buy ODP for $40 per share in a cash offer valued at roughly $2.1 billion. Yes, Rates Are Rising. See All ODP News. The ODP Corporation Common Stock (ODP) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Staples has wanted to purchase Office Depot (NASDAQ: ODP) for quite some time, having made two previous offers in prior years, which were blocked by the Federal Trade Commission (FTC) over competition concerns. Price Target Please upgrade the browser to the latest. The Office Depot stock price fell by -0.6328% on the last day (Tuesday, 16th Feb 2021) from $44.25 to $43.97. Bausch Health, Qualtrics See Activist Action. The stock's last reported lowest price was 45.4. ET by Tomi Kilgore Office Depot's stock halted for … The acquisition offer was in review by the board at ODP, but a formal release on January 19th, 2021, revealed that Office Depot would decline the offer and instead continue on developing their business-to-business (B2B) strategy to achieve shareholder growth moving forward. Find the latest dividend history for The ODP Corporation Common Stock (ODP) at Nasdaq.com. Earlier Monday, USR said it proposed to buy ODP for $40 a share in cash, which is 8.2% above Friday's closing price of $36.96. Bank Stocks Are Getting Hot. Find the latest The ODP Corporation (ODP) stock quote, history, news and other vital information to help you with your stock trading and investing. Here are five picks out of 52 top-ranked stocks with discounted PEG. From basic office supplies, such as printer paper and labels, to office equipment, like file cabinets and stylish office furniture, Office Depot and OfficeMax have the office products you need to get the job done.Maintain a well-stocked office breakroom.Save on printer ink and toner to keep your office efficient and productive. Cardstock paper also comes in several colors, including black, blue, red, brown, multicolor packs, and … The 12-month stock price forecast is 41.50, which is a decrease of -5.25% from the latest price. Get the latest Office Depot detailed stock quotes, stock trade data, stock price info, and performance analysis, including Office investment advice, charts, stats and more. Here’s How We Know. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks. But Equity Investors Don’t Seem to Care. Today’s Trading. USR said it may increase its proposed valuation for "logical strategic divestitures" that ODP may execute to unlock value, such as the sale of its CompuCom business, or if ODP conducts a sale process for its U.S. commercial business unit. Subscribe to Premium to view Fair Value for ODP. Is Office Depot (ODP) a Great Value Stock Right Now? The Retail segment involves in selling merchandise through chain of office supply stores and offers products and services in the categories of supplies, technology, and furniture and other. ODP's stock has more than doubled (up 113.8%) over the past three months through Friday, including a 24.1% gain last week, while the S&P 500 has advanced 10.0%. Have Watchlists? Something went wrong while loading Watchlist. Staples says it will make a tender offer in March if 'we cannot reach a negotiated agreement with ODP. Companies in the news are: MESO, ODP, LLY, AZZ. The buyout bid of $40 a share in cash, announced last week, valued ODP at more than $2 billion. On January 11th, 2021, Staples made an unsolicited offer to purchase all of Office Depot's issued and outstanding common stock at $40 per share, which would total just over $2.1 billion. The ODP Corporation replaces Office Depot, Inc. as the public company trading on Nasdaq under the ticker symbol — ODP. Create a list of the investments you want to track. Welcome to Earnings Valhalla. For the best MarketWatch.com experience, please update to a modern browser. ODP responded in a statement Monday: "Consistent with its fiduciary duties, ODP's board of directors is carefully reviewing the proposal in consultation with its financial and legal advisors to determine the course of action that it believes is in the best interests of the Company and its shareholders." As of late, it has definitely been a great time to be an investor in The ODP Corporation (ODP). Office Depot (ODP) closed at $47.48 in the latest trading session, marking a -0.06% move from the prior day. Industry experts cited that the current proposal would help consolidate Staples and ODP Corporation's (ODP) position in the office-supplies space. Card stock paper is a type of paper that is thicker than a standard printer or notebook paper and is often used for printing business cards, invitations, menus, report covers, and more. Visit a quote page and your recently viewed tickers will be displayed here. and has now fallen 3 days in a row. ODP Corp. Subscriber Agreement & Terms of Use, Stock up on cardstock & cover paper at Office Depot OfficeMax. Shares of ODP Corp. slipped 1.1% in premarket trading Tuesday, after The Wall Street Journal reported that the office supplies retailer has rejected an unsolicited buyout proposal by rival Staples, which is owned Sycamore Partners. Shares of The ODP Corporation (NASDAQ: ODP), known primarily for its Office Depot and OfficeMax brands, jumped 16% Monday morning after news surfaced that USR Parent (also known as Staples) offered to buy the office supplies retailer.
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