Large Inflow of Money Detected in Staples

Staples (SPLS) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $10.64 million worth of transactions were on upticks, whereas, the downticks accounted for $4.45 million worth of transactions. The net money flow was a positive $6.19 million and the uptick to downtick ratio was 2.39. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 11.52 in their favor. The net money flow into the stock was $5.61 million. The value of block trades done on downticks was only $0.53 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.14 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Staples (SPLS) was trading at $8.62, down $0.06 during day. The stock slid -0.69% over the previous days close. For the week, the stock recorded 1.53% over the previous weeks close.


Also, Brokerage firm Deutsche Bank maintains its rating on Staples (NASDAQ:SPLS). As per the latest information, the brokerage house lowers the price target to $8 per share from a prior target of $9. The shares have been rated Hold. The rating by the firm was issued on August 18, 2016.

Staples, Inc. has lost 0.69% in the last five trading days and dropped 7.91% in the last 4 weeks. Staples, Inc. has dropped 0.25% during the last 3-month period . Year-to-Date the stock performance stands at -6.57%.

Staples (NASDAQ:SPLS): The stock opened at $8.67 on Tuesday but the bulls could not build on the opening and the stock topped out at $8.71 for the day. The stock traded down to $8.58 during the day, due to lack of any buying support eventually closed down at $8.62 with a loss of -0.69% for the day. The stock had closed at $8.68 on the previous day. The total traded volume was 4,581,201 shares.

In a related news, Williams Michael, officer (General Counsel) of Staples Inc, unloaded 12,458 shares at an average price of $8.59 on June 30, 2016. The total amount of the transaction was worth $107,014, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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