Office Depot Inc (ODP) Files Form 4 Insider Buying : Nigel Travis Buys 14,267 Shares

Office Depot Inc (ODP): Nigel Travis , director of Office Depot Inc purchased 14,267 shares on May 25, 2016. The Insider buying transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.47 per share for a total value of $49,506.49 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2015, Steven Mark Schmidt (President, International) sold 210,000 shares at $9.28 per share price.

Office Depot Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Office Depot Inc which led to swings in the share price. The shares opened for trading at $3.33 and hit $3.48 on the upside , eventually ending the session at $3.43, with a gain of 3.00% or 0.1 points. The heightened volatility saw the trading volume jump to 1,50,02,514 shares. The 52-week high of the share price is $9.37 and the company has a market cap of $1,886,884 M . The 52-week low of the share price is at $3.18.

Office Depot Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Office Depot Inc is Downgraded by Telsey Advisory Group to Market Perform while Lowering the Price Target of the company shares to $ 5 from a previous price target of $6.50 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 11, 2016.Office Depot Inc is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 11, 2016.Office Depot Inc is Downgraded by UBS to Sell while Lowering the Price Target of the company shares to $ 4 from a previous price target of $5.50 . Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 11, 2016.

Office Depot Inc. is a supplier of office products and services. The Company sells products and services to consumers through three segments: North American Retail Division North American Business Solutions Division and International Division. The North American Retail Division sells an assortment of merchandise through its chain of office supply stores throughout the United States including Puerto Rico and the U.S. Virgin Islands. The North American Business Solutions Division sells office supplies technology products cleaning and breakroom supplies office furniture certain services and other solutions to customers. The International Division sells office products and services through direct mail catalogs contract sales forces Internet sites and retail stores. The Company also operates a network of distribution centers (DC) and crossdock facilities across the United States Puerto Rico and Canada.

Leave a Reply

Office Depot Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Office Depot Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.