Shares of Staples (SPLS) Rally 1.69%

Staples (SPLS) has been under a strong bear grip, hence the stock is down -1.67% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.2% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.69% in the last 1 week, and is up 2.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.07% and the 50-Day Moving Average is 3.12%.

Staples (NASDAQ:SPLS): The stock opened at $9.17 on Friday but the bulls could not build on the opening and the stock topped out at $9.17 for the day. The stock traded down to $9.00 during the day, due to lack of any buying support eventually closed down at $9.00 with a loss of -1.32% for the day. The stock had closed at $9.12 on the previous day. The total traded volume was 5,254,461 shares.


The company Insiders own 1.8% of Staples shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.9% . Institutional Investors own 90.61% of Staples shares. During last six month period, the net percent change held by insiders has seen a change of -14.9%. In a related news, Williams Michael, officer (General Counsel) of Staples Inc, unloaded 12,458 shares at an average price of $8.59 on June 30, 2016. The total amount of the transaction was worth $107,014, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 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 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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