The ODP Corporation (NASDAQ: ODP). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ODP is expected to continue to be a major Value Builder.
ODP has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ODP has a neutral Appreciation Score of 51 and a neutral Power Rating of 53, resulting in the Neutral Value Trend Rating.
Recent Price Action
The ODP Corporation (NASDAQ: ODP) stock closed at $40.76 on 5/10/24 after a large decline of -5.6%. Moreover, trading volume in this decline was exceptionally high at 217% of normal. The stock has performed in line with the market over the last nine months and has declined -19.9% during the last week.
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