NEW YORK, September 2, 2016 /PRNewswire/ --
Stock-Callers.com has issued research reports on the following household names: Alibaba Group Holding Ltd (NYSE: BABA), eBay Inc. (NASDAQ: EBAY), Office Depot Inc. (NASDAQ: ODP), and Staples Inc. (NASDAQ: SPLS). Many Specialty retailers have hit new highs over the recent weeks despite a continued downtrend in the broad sector. Learn more about these stocks by accessing their free research reports at:
Alibaba Group Holding
Shares in Hangzhou, the People's Republic of China-based Alibaba Group Holding Ltd ended Thursday's session at $97.42, gaining 0.24%. The stock recorded a trading volume of 13.37 million shares. The Company's shares have surged 16.43% in the last one month, 27.15% in the previous three months, and 19.87% on an YTD basis. The stock is trading 13.43% and 24.21% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Alibaba Group Holding, which through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally, have a Relative Strength Index (RSI) of 73.17.
On August 11th, 2016, Alibaba announced that revenue was RMB32,154 million (US$4,838 million) for the quarter ended June 30th 2016, an increase of 59% on y-o-y basis. Revenue from its China commerce retail business in the quarter ended June 30th, 2016 was RMB23,383 million (US$3,518 million), an increase of 49% compared to RMB15,712 million in the same quarter of 2015. Alibaba's net income in the quarter ended June 30th, 2016 was RMB7,142 million (US$1,075 million), a decrease of 77% compared to RMB30,816 million in the same quarter of 2015 (which included a non-recurring deemed disposal gain of RMB24,734 million arising from deconsolidation of Alibaba Pictures).
On August 12th, 2016, research firm Raymond James upgraded the Company's stock rating from 'Outperform' to 'Strong Buy'. Free research report on BABA is available at:
San Jose, California headquartered eBay Inc.'s stock saw a slight drop of 0.09%, closing the day at $32.13 with a total volume of 6.80 million shares traded. The Company's shares have advanced 3.81% in the last month, 33.99% in the previous three months, and 16.92% since the start of this year. The stock is trading 12.87% and 23.66% above its 50-day and 200-day moving averages, respectively. Additionally, shares of eBay, which operates e-commerce platforms that connect various buyers and sellers worldwide, have an RSI of 80.89.
On August 29, 2016, StubHub, an eBay company, and the world's largest ticket marketplace, announced that it has signed a multi-year agreement with the Naval Academy Athletic Association, making it the Exclusive Ticket Marketplace of Naval Academy Athletics. The agreement is in partnership with Spectra Ticketing & Fan Engagement, provider of integrated ticketing and marketing services. This is StubHub's first full integrated partnership that also includes sponsorship with an Armed Forces program, and builds on its position as a major partner and sponsor in the collegiate space, working with more than 40 Division I universities.
On August 30th, 2016, research firm Hilliard Lyons initiated a 'Long-term Buy' rating on the Company's stock, issuing a target price of $35 per share. The complimentary research report on EBAY can be downloaded at:
On Thursday, shares in Boca Raton, Florida headquartered Office Depot Inc. recorded a trading volume of 5.36 million shares. The stock ended the day 1.63% lower at $3.62. The Company's shares have gained 4.76% in the past month and 2.70% in the previous three months. The stock is trading above its 50-day moving average by 4.79%. Furthermore, shares of Office Depot, which together with its subsidiaries, supplies office products and services, have an RSI of 54.85.
On August 30th, 2016, Office Depot announced the expansion of its relationship with FedEx, which, beginning September 2nd, 2016, will offer customers in 1,513 retail locations throughout the country access to FedEx shipping services and solutions. Visit us today and access our complete research report on ODP at:
Framingham, Massachusetts-based Staples Inc.'s stock saw a slight decline of 0.58%, finishing yesterday's session at $8.51 and with a total volume of 4.77 million shares traded. Shares of the Company, which together with its subsidiaries, operates office products superstores, are trading below their 50-day moving average by 4.18%. The stock has an RSI of 42.30.
On August 17th, 2016, Staples announced that total sales for Q2 2016 were $4.8 billion, a decrease of 4% compared to Q2 2015. On a GAAP basis, the company's net loss was $766 million, or $1.18 per share. Q2 2016 results on a GAAP basis include pre-tax charges of $986 million primarily related to the impairment of European goodwill and other assets and costs associated with the termination of the Office Depot merger agreement. Get free access to your research report on SPLS at:
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