Office Depot Inc (NYSE:ODP) Stock Picks Shined On Trading Screens Thursday Session

Daily Stock News:

Office Depot Inc (NYSE:ODP) stock picks surged by 1.40 percent to close at $2.89 with traded volume of 6.88 million shares in the last trading session as compare to its average volume stood at 3.78 million. The share price (stock picks) is in highly sensitive as its beta value stands at 3.25 times. The RSI value of 67.43 times depicts that the current share value is in overbought level. The (stock picks) current market price is 23.76 percent more than its last 50 days simple moving average.

Company Background:

Office Depot Inc (NYSE:ODP) was incorporated in 1986 and is engaged in supply of office products and services. Based in Boca Raton, Florida the company mainly operates through its subsidiaries. The company supplies products under several brand names including Office Depot, Viking Office Products, Foray Ativa, Niceday, Escapes and Worklife. The company has reported to have 1,147 office supply stores in United States and Canada as on December 25th, 2010. The company’s products are sold and supplied in 53 countries in North America, Europe, Asia and Latin America.

Industry Analysis:

Office Depot Inc (NYSE:ODP) is ranked 48th among 126 specialty retail companies by market capitalization. The company maintains the long term growth rate of 30.30 percent which gives it 8th position among its industry peers.