Strength Seen in Staples (SPLS): Stock Adds 9.1% in Session
Staples, Inc. (SPLS) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.30 to $13.45 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Staples currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Retail-Misc/Div sector include Bed Bath & Beyond Inc. (BBBY), Big 5 Sporting Goods Corp. (BGFV) and Build-A-Bear Workshop Inc. (BBW). All these stocks have a Zacks Rank #2 (Buy).
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STAPLES INC (SPLS): Free Stock Analysis Report
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