Staples (NASDAQ:SPLS) is one of today's notable stocks in decline, down 1.7% to $11.21. The Dow Jones Industrial Average is now trading 0.2% higher to 13,185 and the S&P is trading fractionally higher to 1,420.
Staples, Inc. retails office supplies, furniture, and technology. The Company's customers include consumers and businesses in the United States, Canada, the United Kingdom, and Germany. Staples serves its customers through office superstores, mail order catalogs, the Internet, and a contract business.
Staples (NASDAQ:SPLS) has potential upside of 18.7% based on a current price of $11.21 and analysts' consensus price target of $13.30. The stock should run into initial resistance at its 50-day moving average (MA) of $11.60 and subsequent resistance at its 200-day MA of $13.23.
In the past 52 weeks, shares of Staples have traded between a low of $10.57 and a high of $16.93 and are now at $11.21, which is 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.4%.