Staples (SPLS) Shares are Down -8.38%

Staples (SPLS) : During the past 4 weeks, traders have been relatively bearish on Staples (SPLS), hence the stock is down -7.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.35% relative to the S&P 500. The 4-week change in the price of the stock is -7.17% and the stock has fallen -8.38% in the past 1 week.

Staples, Inc. is up 5.38% in the last 3-month period. Year-to-Date the stock performance stands at -8.74%. The stock has recorded a 20-day Moving Average of 7.53% and the 50-Day Moving Average is 5.33%.


Staples (NASDAQ:SPLS): The stock opened at $8.41 on Friday but the bulls could not build on the opening and the stock topped out at $8.46 for the day. The stock traded down to $8.35 during the day, due to lack of any buying support eventually closed down at $8.42 with a loss of -0.71% for the day. The stock had closed at $8.48 on the previous day. The total traded volume was 5,885,890 shares.

Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Staples (NASDAQ:SPLS). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $8 per share from a prior target of $9. The rating by the firm was issued on August 18, 2016.

Staples, Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products, such as Websites and mobile platforms, retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online, North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses, including Staples Advantage and The International Operations segment consists of businesses in around 23 countries in Europe, Australia, South America and Asia. It serves businesses in North America, Europe, Australia, South America and Asia. Its delivery business offers online order placing.

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