NEW YORK (AVAFIN) -- Block trades offer useful, insightful data used by both large and small investors to
determine if their stock trade will be profitable. By the end of today's trading
session, financial institutions exchanged 49 block trades. A total of
1,733,827 shares were bought and 1,236,730 shares were sold
forming a bought/sold ratio of 1.40 for Staples.
View all Block Trading Activities
On the options side, investors traded a total of 32,450 contracts.
Specifically, 4,417 call and 28,033 put contracts were traded yesterday yielding a 6.35
The secular decline of paper (and associated printing supplies) will act as a headwind for Staples' product and service sales, thereby reduce the firm's differentiation from competing distributors.
Additionaly, The company is vulnerable to weak economic conditions, which would put pressure on factors that affect office supply demand (such as employment) and cause existing customers to flock to the low-cost provider, which could cause industrywide pricing pressure.
The last trading session witnessed a low of $11.31 and high of $11.85 during the day. Shares of Staples
slipped $0.02 (0.17%) to $11.71. The current trading volume of 22M is greater
than average volume of 17M shares. The stock's 52 week low is $10.57 and 52 week high is $16.93. To date, the stock has gained 1.73% within the last month.
Staples, Inc. operates as an office products company. Its three business segments are North American Delivery, North American Retail and International Operations.