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

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

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...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


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...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


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