Office Depot, Inc. (ODP) continued its upward trend with the stock climbing 0.44% or $0.02 to close the day at $4.56 on light trading volume of 3.31M shares, compared to its three month average trading volume of 6.38M. The Boca Raton Florida 33496 based company has been underperforming the specialty retail, other group over the past 52 weeks, with the stock losing -11.03%, compared to the industry which has advanced 41.74% over the same period. With RSI of 53.9, the stock should still continue to rise and get closer to its one year target estimate of $4.99, making it a hold for now.
Office Depot, Inc., together with its subsidiaries, supplies office products and services. It operates in three segments: North American Retail, North American Business Solutions, and International. The company sells office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture. It also offers copy and print services. The company sells its products and services to consumers and businesses through office supply stores, a contract sales force, Internet sites, an outbound telephone account management sales force, direct marketing catalogs, and call centers, as well as participates under licensing and merchandise arrangements in Latin America, Europe, Israel, and Japan. As of December 26, 2015, it operated 1,564 stores in the United States, including Puerto Rico and the U.S. Virgin Islands; and 147 stores in France, South Korea, Sweden, New Zealand, and Australia. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, Grand & Toy, and Viking Office Products. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.
Memorial Production Partners LP (MEMP) climbed 6.26% during last trading as the stock added $0.01 to finish the day at $0.15 with about 3.3M shares changing hands, compared to its three month average trading volume of 3.46M. The $13.1M market cap company, which fluctuated between $0.133 and $0.165 during the day, currently situated 25.83% above its 52 week low of $0.123 and -95.14% away from its one year high of $3.21. The RSI of 31.21 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Memorial Production Partners LP, through its subsidiary, Memorial Production Operating LLC, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, and offshore Southern California. As of December 31, 2015, its total estimated proved reserves were approximately 1,268 billion cubic feet of natural gas equivalent. Memorial Production Partners GP LLC serves as the general partner of Memorial Production Partners LP. The company was founded in 2011 and is headquartered in Houston, Texas. On January 16, 2017, Memorial Production Partners LP, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
Zayo Group Holdings, Inc. (ZAYO) saw its value increase by 2.18% as the stock gained $0.67 to finish the day at a closing price of $31.42. The stock was higher in trading and has fluctuated between $22.72-$35.65 per share for the past year. The shares, which traded within a range of $30.69 to $31.61 during the day, are down by -1.75% in the past three months and up by 10.56% over the past six months. It is currently trading -0.13% below its 20 day moving average and -2.63% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $36.07 a share over the next twelve months. The current relative strength index (RSI) reading is 48.32. The technical indicator lead us to believe there will be no major movement any time soon, hold.
Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada, and Other. The Dark Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies. The Network Connectivity segment offers bandwidth infrastructure solutions comprising wavelength, Ethernet, Internet protocol, and SONET services through its metro, regional, and long-haul fiber networks for carriers, financial services companies, healthcare, government institutions, education institutions, and other enterprises. The Colocation and Cloud Infrastructure segment provides data center infrastructure solutions, including colocation, interconnection, cloud, hosting, and managed services to a range of enterprise, carrier, content, and cloud customers. The Zayo Canada segment offers dark fiber, network connectivity, cloud and colocation infrastructure, voice, unified communications, and managed security services for small and medium business customers. The Other segment provides network and technical resources to customers in designing, acquiring, and maintaining their networks. The company was founded in 2007 and is headquartered in Boulder, Colorado.