Staples (NASDAQ:SPLS) has climbed 0.69% in the past week and advanced 8.27% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.9% and the outperformance has advanced to 7.28% for the last 4 weeks period.
Staples (NASDAQ:SPLS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.63 and $8.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.77, notching a gain of 0.80% for the day. The total traded volume was 10,944,880 . The stock had closed at $8.70 on the previous day.
The company shares have dropped -46.46% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $16.65 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $9.00 and the 200 Day Moving Average price is recorded at $9.64.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, NAC) of Staples Inc, Goodman Shira, had purchased 5,100 shares in a transaction dated on December 15, 2015. The transaction was executed at $9.69 per share with total amount equaling $49,419.
Many analysts have stated their opinion on the company shares. Bank of America upgrades its rating on Staples (NASDAQ:SPLS). Analysts at the Bank of America have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 23, 2016. Currently the company Insiders own 1.8% of Staples shares according to the proxy statements. Institutional Investors own 91.1% of Staples shares.
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 Staples.com 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 Quill.com. 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.