Office Depot, Inc. ODP was a big mover last session, as the company saw its shares rise roughly 8% on the day. The move came on solid volume 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 $5.08 to $6.91 in the past one-month time frame.
None of the estimates for this retail industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Office Depot has a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
However, a better-ranked stock in the same space is KAR Auction Services, Inc. KAR, sporting a Zacks Rank #1 (Strong Buy).
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