The company was founded by F. Patrick Sher, Stephen Dougherty, and Jack Kopkin in March 1986 and is headquartered in Boca Raton, FL. Visit us today for great deals on all of your paper needs & office supplies. ODP Corporation's (ODP) low-cost model, multiple routes to market, expanded product portfolio, and flexible supply chain and distribution capabilities bode well. USR said it may increase its proposed valuation for "logical strategic divestitures" that ODP may execute to unlock value, such as the sale of its CompuCom business, or if ODP conducts a sale process for its U.S. commercial business unit. Why Stocks Can Still Shine. Office Depot is selling at 46.77 as of the 6th of February 2021; that is 0.0428 percent up since the beginning of the trading day. Oracle Is Turning Into a Cloud Giant. ODP Corp. (ODP) closed at $47.50 in the latest trading session, marking a +1.56% move from the prior day. Investors typically determine Office Depot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. ODP responded in a statement Monday: "Consistent with its fiduciary duties, ODP's board of directors is carefully reviewing the proposal in consultation with its financial and legal advisors to determine the course of action that it believes is in the best interests of the Company and its shareholders." Check out the latest earnings call transcript for Office Depot. Industry experts cited that the current proposal would help consolidate Staples and ODP Corporation's (ODP) position in the office-supplies space. Shares of The ODP Corporation (NASDAQ: ODP), known primarily for its Office Depot and OfficeMax brands, jumped 16% Monday morning after news surfaced that USR Parent (also known as Staples) offered to buy the office supplies retailer. The buyout bid of $40 a share in cash, announced last week, valued ODP at more than $2 billion. Visit a quote page and your recently viewed tickers will be displayed here. Some parts of this page is not supported on your current browser version. Staples' latest bid marks the third attempt to acquire its rival, as the WSJ reported. The stock's last reported lowest price was 45.4. Real time Office Depot (ODP) stock price quote, stock graph, news & analysis. There are currently no items in this Watchlist. By using this site you agree to the However, Office Depot's stock price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. ODP's stock has more than doubled (up 113.8%) over the past three months through Friday, including a 24.1% gain last week, while the S&P 500 has advanced 10.0%. The ODP Corporation replaces Office Depot, Inc. as the public company trading on Nasdaq under the ticker symbol — ODP. Here are five picks out of 52 top-ranked stocks with discounted PEG. Companies in the news are: MESO, ODP, LLY, AZZ. On Wednesday, The ODP received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82. The ODP Corporation was … ODP Corporation's (ODP) Shares March Higher, Can It Continue? ODP or FIVE: Which Is the Better Value Stock Right Now? They Still Have Room to Run. Find the latest The ODP Corporation (ODP) stock quote, history, news and other vital information to help you with your stock trading and investing. Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. After the markets close today, Office Depot stock will undergo a 1-for-10 reverse split. It can be used to make informed decisions about market timing, and when buying or selling Office shares will generate the highest return on investment. From basic office supplies, such as printer paper and labels, to office equipment, like file cabinets and stylish office furniture, Office Depot and OfficeMax have the office products you need to get the job done.Maintain a well-stocked office breakroom.Save on printer ink and toner to keep your office efficient and productive. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. It proposes a possible alternative deal idea. Office Depot (ODP Quick Quote ODP - Free Report) closed at $47.48 in the latest trading session, marking a -0.06% move from the prior day.This change lagged the … Cookie Notice (). Price Target Have Watchlists? USR Parent presented a plan to buy ODP for $40 per share in a cash offer valued at roughly $2.1 billion. Bausch Health, Qualtrics See Activist Action. Yes, Rates Are Rising. The company's brand portfolio includes Office Depot(R), OfficeMax(R), CompuCom(R) and Grand&Toy (R). On January 11th, 2021, Staples made an unsolicited offer to purchase all of Office Depot's issued and outstanding common stock at $40 per share, which would total just over $2.1 billion. View the latest ODP financial statements, income statements and financial ratios. Cardstock paper also comes in several colors, including black, blue, red, brown, multicolor packs, and … Shares of Office Depot Inc. ODP, -0.16% rose 0.7% in midday trading Tuesday, ahead of the previously announced reverse stock split, which is aimed at increasing the shares' trading price. As of late, it has definitely been a great time to be an investor in The ODP Corporation (ODP). The WSJ report, citing a letter it reviewed, said ODP has determined that rather than a sale, it prefers a sale of its retail and consumer-facing e-commerce operations. Today’s Trading. But Equity Investors Don’t Seem to Care. Stock analysis is the technique used by a trader or investor to examine and evaluate how Office Depot stock is reacting to, or reflecting on a current stock market direction and economic conditions. Shares of ODP Corp. slipped 1.1% in premarket trading Tuesday, after The Wall Street Journal reported that the office supplies retailer has rejected an unsolicited buyout proposal by rival Staples, which is owned Sycamore Partners. Subscriber Agreement & Terms of Use, Office Depot, Inc. today announced a reverse stock split of the Company’s common stock at a ratio of 1-for-10, to be effective on June 30, 2020. The relative strength of a dividend stock indicates whether the stock is uptrending or not. This change lagged the S&P 500's … ', Zacks Value Trader Highlights: Everest Re Group, KB Home, Manulife Financial, ODP Corp and Sanmina Corp. After a red-hot stock market in 2020, are there ANY stocks that are dirt cheap and have rising earnings estimates to start 2021? This newly-formed holding company was created following the … First, Staples previously tried to purchase Office Depot in a larger $6.3 billion deal that was called off in 2016 due to antitrust concerns. The ODP Corporation, formerly known as Office Depot Inc., is based in FL, United States. 30, 2020 at 11:45 a.m. The move had been telegraphed for a while, with shareholders having approved a … Intraday data delayed at least 15 minutes or per exchange requirements. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks. All rights reserved. The 12-month stock price forecast is 41.50, which is a decrease of -5.25% from the latest price. But now it seems investors are starting to twig to the news, and Office Depot stock is down 7.1% at today's close. From basic office supplies, such as printer paper and labels, to office equipment, like file cabinets and stylish office furniture, Office Depot and OfficeMax have the office products you need to get the job done.Maintain a well-stocked office breakroom.Save on printer ink and toner to keep your office efficient and productive.
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