Staples Inc (SPLS) Files Form 4 Insider Selling : Michael Williams Sells 12,458 Shares

Staples Inc (SPLS): Michael Williams , General Counsel of Staples Inc sold 12,458 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $8.59 per share for a total value of $107,065.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 16, 2015, Shira Goodman (President, NAC) purchased 5,100 shares at $9.69 per share price.

Staples: On Friday, Jul 1, 2016 heightened volatility was witnessed in Staples which led to swings in the share price. The shares opened for trading at $8.64 and hit $8.89 on the upside , eventually ending the session at $8.84, with a gain of 2.55% or 0.22 points. The heightened volatility saw the trading volume jump to 60,52,800 shares. The 52-week high of the share price is $15.685 and the company has a market cap of $5,713 M . The 52-week low of the share price is at $8.

Staples Money Flow Index Chart

Company has been under the radar of several Street Analysts.Staples is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on May 23, 2016.Staples is Reiterated by Telsey Advisory Group to Market Perform while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . The Rating was issued on May 11, 2016.Staples 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.Staples is Downgraded by UBS to Neutral while Lowering the Price Target of the company shares to $ 10.50 from a previous price target of $14 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 11, 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 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.

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