UBS Downgrades Staples, Inc. (SPLS) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/11/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
Office Depot (ODP) Sinks 36%, Staples (SPLS) Falls 15% as Trading Resumes Following Merger Termination
May 11, 2016 7:15 AM UTCOffice Depot (NASDAQ: ODP) plunges 36.5% and Staples (NASDAQ: SPLS) 15.5% as trading resumes after the merger was terminated.
Stocks with Implied Volatility Movement
May 11, 2016 7:11 AM UTCStaples (NASDAQ: SPLS) 81, Office Depot (NYSE: ODP) 177 implied volatility is above its IV index mean:
Seagate (NYSE: STX) 48, Under Armour (NYSE: UA) 35 implied volatility is below its IV... More
Early pre-open market-options summary
May 11, 2016 7:01 AM UTCGlobex S&P futures are recently down 4.50 from previous days SPX cash close as the dollar pulls back from a two-week high. Nikkei 225 up 0.08%, Hang Seng down 0.89%, DAX down 0.62%. WTI Crude oil is recently at $44.31, natural gas up 0.09%, gold at $1274 an ounce, copper up 1.58%.
Stocks and options... More
Jefferies Downgrades Office Depot (ODP) and Staples (SPLS) to Hold on Merger Termination
May 11, 2016 6:49 AM UTCJefferies downgraded both Office Depot (NASDAQ: ODP) and Staples (NASDAQ: SPLS) from Buy to Hold with a price target of $5.25 and $9, respectively, after the merger of the two companies was terminated.
Analyst Danial Binder... More
Staples, Office Depot to scrap merger deal after judge rules for FTC
May 10, 2016 7:24 PM UTCBy Diane Bartz
WASHINGTON (Reuters) - No. 1 office supply chain Staples (NASDAQ: SPLS) and smaller rival Office Depot Inc (NASDAQ: ODP) said on Tuesday they would terminate their planned merger after a U.S. federal judge ordered the deal temporarily halted because of antitrust concerns.
Shares of Office Depot plunged 26 percent and Staples shares fell 10 percent in extended trading following the ruling.
Judge Emmet Sullivan of U.S. District Court for the District of Columbia, in a three-page order granting the Federal Trade Commission's... More
Office Depot (ODP) to Terminate Staples (SPLS) Merger Following Ruling
May 10, 2016 7:11 PM UTCOffice Depot, Inc. (NASDAQ: ODP) today issued the following statement from Chairman and Chief Executive Officer Roland Smith after the U.S. District Court in the District of Columbia granted the Federal Trade Commissions (FTC) request for a preliminary injunction to block the... More
Office Depot (ODP), Staples (SPLS) both halted for trading
May 10, 2016 6:42 PM UTCOffice Depot (NASDAQ: ODP), Staples (NASDAQ: SPLS) both halted for trading after merger blocked
... MoreOffice Depot (ODP), Staples (SPLS) merger blocked by judge as anticompetitive
May 10, 2016 6:40 PM UTCOffice Depot (NASDAQ: ODP), Staples (NASDAQ: SPLS) merger blocked by judge as anti competitive
Staples (SPLS) volatility at record high into judge issuing Office Depot (ODP) merger ruling
May 10, 2016 2:01 PM UTCStaples (NASDAQ: SPLS) May weekly call option implied volatility is at 212, May is a 126, June is at 78; compared to its 52-week range of 22 to 85 into federal judge overseeing the lawsuit seeking to block the acquisition of Office Depot (ODP) by Staples issuing his ruling today.
