NEW YORK, November 29, 2016 /PRNewswire/ --
Today's focus is redirected to the Specialty Retail space which is expected to outperform the broader industry this year, with e-commerce to remain as its fastest-growing segment. According to Moody's, global Specialty Retailers could face headwinds from the continued appreciation of the dollar against the British pound and the euro, impacting owners of flagship stores in tourism centers. Pre-market, Stock-Callers.com has lined up four equities for review: Alibaba Group Holding Ltd (NYSE: BABA), eBay Inc. (NASDAQ: EBAY), Office Depot Inc. (NASDAQ: ODP), and Staples Inc. (NASDAQ: SPLS). Learn more about these stocks by accessing their free research reports at:
Hangzhou, the People's Republic of China-based Alibaba Group Holding Ltd's shares gained 0.81%, closing Monday's trading session at $93.76. The stock recorded a trading volume of 14.29 million shares. Shares of the Company have advanced 15.37% on an YTD basis. The stock is trading 8.96% above its 200-day moving average. Additionally, 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 38.19.
On November 03rd, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $110 a share to $120 a share.
On November 21st, 2016, Alibaba Cloud, the cloud computing arm of Alibaba Group, announced the opening of four new data centers by the end of 2016 in the Middle East (Dubai), Europe, Australia and Japan. As a major milestone of Alibaba Cloud's global expansion, the new centers will boost its data center network to 14 locations, covering key economic centers around the world. Free research report on BABA is available at:
On Monday, shares in San Jose, California headquartered eBay Inc. recorded a trading volume of 7.11 million shares. The stock declined 1.31%, ending the day at $28.57. The Company's shares have advanced 3.97% since the start of this year. The stock is trading above its 200-day moving average by 5.35%. Furthermore, shares of eBay, which operates e-commerce platforms that connect various buyers and sellers worldwide, have an RSI of 43.00.
On November 10th, 2016, eBay and BigCommerce announced the availability of a new integration that enables merchants to seamlessly list and sell products on the eBay marketplace, while also having the ability to manage inventory and orders natively through BigCommerce. The complimentary research report on EBAY can be downloaded at:
Boca Raton, Florida headquartered Office Depot Inc.'s stock finished the day 0.62% lower at $4.84, with a total trading volume of 7.47 million shares. The Company's shares have surged 55.97% in the last one month and 31.88% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 31.76% and 12.51%, respectively. Additionally, shares of Office Depot, which together with its subsidiaries, supplies office products and services, have an RSI of 79.11.
As per notes filed on November 25th, 2016 with the SEC, Office Depot entered into a definitive sale and purchase agreement on November 22nd, 2016, by and among Office Depot Foreign Holdings LP, LLC, Office Depot Foreign Holdings GP, LLC, Aurelius Rho Invest NL DS B.V., and Aurelius Rho Invest NL Two B.V., each subsidiaries of The AURELIUS Group, to sell the Office Depot's European business operations. The annual revenue for the company's European Business is approximately 2 billion. The purchasers will acquire the Office Depot European Business with its assets and liabilities. Visit us today and access our complete research report on ODP at:
Shares in Framingham, Massachusetts-based Staples Inc. ended yesterday's session 1.52% lower at $9.70. The stock recorded a trading volume of 9.32 million shares, which was above its three months average volume of 7.66 million shares. The Company's shares have advanced 33.24% in the last one month, 13.36% over the previous three months, and 6.65% since the start of this year. The stock is trading 18.34% and 9.17% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Staples, which together with its subsidiaries, operates office products superstores, have an RSI of 74.32.
On November 17th, 2016, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $8 a share to $9 a share.
As per notes filed with the SEC, on November 22nd, 2016, Staples entered into a Credit Agreement with Bank of America, N.A, as Administrative Agent and the other lending institutions named therein. The New Credit Agreement replaces the Credit Agreement dated as of May 31st, 2013, which provided for a maximum borrowing of $1.0 billion and was due to expire in May 2018. Get free access to your research report on SPLS at:
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