Shares of Office Depot, Inc. (NASDAQ:ODP) opened at $2.3, and ended -1.73% lower at $2.27. Nearly 3.76 million shares were traded by the close, lower than its average daily volume of 5.38 million shares.Office Depot, Inc. (ODP) Analyst Opinion
Office Depot, Inc. has a consensus hold rating from 8 Wall Street analysts, and the number of shares currently sold short amount to at least 4.19% of shares outstanding. The stock spiked 7.58% last month and is down -35.88 this year. Wall Street is only getting more bearish on the stock, with 1 of analysts who cover ODP having a buy-equivalent rating. Analysts have placed a $3.1 price target on Office Depot, Inc., suggesting a 36.56% gain from recent close. It’s currently trading about -63.71% below its 52-week high.
Office Depot, Inc. (ODP) surprised the stock market in its last reported earnings when it earned $0.08 a piece versus the consensus-estimated $0.07. Its revenue totaled $2.61 billion down -0.3% from the previous quarter.Office Depot, Inc. (NASDAQ:ODP) Intraday View
This stock (ODP) is ahead of its 52-week low with 13.5%. Its last month’s stock price volatility remained 4.59% which for the week stands at 3.99%. The share price has moved forward from its 20 days moving average, trading at a distance of 5.14% and stays -2.27% away from its 50 days moving average. Over the last five days, shares have managed 3.18% gains and now is down -35.33% since hitting its 200-day moving average of $2.98. Office Depot, Inc. (ODP) has made its way to a 12-month decline of -54.14%.
Turning to General Dynamics Corporation (NYSE:GD), its shares were trading at $195 a retreat of $-0.68, on the trading floor. The stock, after opening at $194.85, touched a high of $196.71 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. General Dynamics Corporation has 8 buy ratings, 4 holds and 0 sells even after the stock tumbled -15.22% from its high of $230.00 to a $61.21 billion market value through last close.
The company’s consensus rating on Reuter’s scale improved from 1.94 to 2 during a month. Analysts set a 12-month price target of $249.16 a share. The target implies a 27.77% spike from where the shares are currently trading. Also, the current price highlights a discount of 47.69% to analysts’ high consensus price target.General Dynamics Corporation (NYSE:GD) Intraday Trading
The counter witnessed a trading volume of 2.01 million shares versus an average volume of 1.7 million shares during last trading session. Its last month’s stock price volatility remained 3.05% which for the week approaches 2.37%. The lowest price the stock reached in the last trading day was $191 and compares with the $190.30 52-week low. The stock recovered 2.47% since its low point and has performed -4.15% year-to-date.