Office Depot (ODP) NewsBite - ODP Downgraded By Credit Suisse





Office Depot (ODP) was downgraded today by analysts at Credit Suisse and the stock is now at $3.84, down $0.68 (-15.04%) on volume of 8,298,495 shares traded. The brokerage downgraded ODP to "Underperform" from "Neutral." Over the last 52 weeks the stock has ranged from a low of $4.42 to a high of $22.79. Office Depot stock has been showing support around $3.77 and resistance in the $5.81 range. Technical indicators for the stock are bullish and S&P gives ODP a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ODP the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For Office Depot (ODP):

Office Depot (ODP) Trading Slightly Higher, Sees 5x Average Call Volume

Thursday, December 29, 2011... Office Depot (NYSE: ODP) opened at $2.15. So far today, the stock has hit a low of $2.13 and a high of $2.17. ODP is now trading at $2.15, up $0.01......

http://www.marketintelligencecenter.com/newsbites/1324928

Office Depot (ODP) Down 2.7% Despite Being Upgraded By EVA Dimensions, LLC

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Office Depot (ODP) NewsBite - ODP Shifted To Neutral By Nomura

Wednesday, July 27, 2011... Office Depot (ODP) was upgraded today by analysts at Nomura and the stock is now at $3.79, down $0.10 (-2.57%) on volume of 5,930,572 shares traded......

http://www.marketintelligencecenter.com/newsbites/1290057

Office Depot (ODP) Up 1.4% Following Market Edge Upgrade

Wednesday, July 06, 2011... Office Depot (ODP) was upgraded today by analysts at Market Edge and the stock is now at $4.22, up $0.06 (1.44%) on volume of 1,762,735 shares......

http://www.marketintelligencecenter.com/newsbites/1285017

Office Depot (ODP) One of Today's Top Gainers So Far Up 4.4%

Wednesday, June 15, 2011... Office Depot (ODP) leads the list of top gainers so far today and is now at $3.92, up $0.17 (4.4%) on volume of 17,389,574 shares traded. Over the......

http://www.marketintelligencecenter.com/newsbites/1280445


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