Office Depot, Inc. (ODP) was a big mover last session, as the company saw its shares rise over 6% on the day. This jump can be attributable to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $4.89 to $5.23 in the past one-month time frame.
The company has seen 7 upward estimate revisions over the past 30 days and its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Office Depot. So make sure to keep an eye on this stock going forward to see if yesterday’s gain can turn into more strength down the road.
Office Depot has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better ranked players in the retail sector include Citi Trends, Inc. (CTRN), carrying a Zacks Rank #1 (Strong Buy) along with Foot Locker, Inc. (FL) and Michael Kors Holdings Limited (KORS) with a Zacks Rank #2 (Buy).
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OFFICE DEPOT INC (ODP): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
MICHAEL KORS HOLDINGS LTD (KORS): Free Stock Analysis Report
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Office Depot (ODP) in Focus: Stock Rises 6.2%
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