Staples (SPLS) Shares are Down -1.18%

Staples (SPLS) has risen sharply, recording gains of 3.73% in the past 4 weeks. However, the stock has corrected -1.18% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.21% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Staples (NASDAQ:SPLS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.11 and $9.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.18, notching a gain of 1.44% for the day. The total traded volume was 4,770,970 . The stock had closed at $9.05 on the previous day.

The stock has recorded a 20-day Moving Average of 1.11% and the 50-Day Moving Average is 4.19%. Staples, Inc. has dropped 9.3% during the last 3-month period . Year-to-Date the stock performance stands at -0.5%.

Staples (SPLS) : The highest level Staples (SPLS) is projected to reach is $11 for the short term and the lowest estimate is at $8. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $9.36 and the possibility the share price can swing is $0.85.


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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