Home From the Wires Office Depot shares up 20%

Office Depot shares up 20%

| Print |  Email
Tuesday, May 06, 2014

Forbes: News that the retailer will close 400 stores by 2016 sent Office Depot shares soaring.

Cheered by the earnings beat, investors sent shares of Office Depot surging in early Tuesday trading — at one point, as high as 20.5%. (It’s worth noting that with roughly $4.80 per-share price, Office Depot’s gains look less impressive when viewed as the per-share amount: the 20.5% gain came from an 85-cent boost in share price.) The stock is currently up 16.3%; year-to-date, however, Office Depot has lost nearly 22% of its value. Shares of competitor Staples, meanwhile, ticked down 0.8% on the news.

Read more here.

 

More Articles

Innovation: a critique

News
Wednesday, October 08, 2014
1008 innovation thumbBY LINDA BAKER | OB EDITOR

A Design Week panel discussion raises questions about how innovative we really are.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS