Investors Buy High Volume of Staples Call Options (SPLS)
Staples (NASDAQ:SPLS) was the target of unusually large options trading activity on Tuesday. Stock traders bought 9,910 call options on the stock, AnalystRatings.NET reports. This represents an increase of approximately 407% compared to the typical volume of 1,954 call options.
A number of research firms have recently commented on SPLS. Analysts at Wolfe Research downgraded shares of Staples to an “underperform” rating in a research note on Wednesday, July 23rd. Separately, analysts at Goldman Sachs initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.77.
Staples (NASDAQ:SPLS) traded up 0.78% on Tuesday, hitting $11.62. 10,521,045 shares of the company’s stock traded hands. Staples has a 52-week low of $10.70 and a 52-week high of $17.01. The stock’s 50-day moving average is $11.22 and its 200-day moving average is $11.88. The company has a market cap of $7.514 billion and a price-to-earnings ratio of 13.91.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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