Office Depot (NASDAQ:ODP) is a retailing penny stocks company that dropped significantly in yesterday’s trade. Dropping from $3.77 USD to its current price of $2.86 USD, investors have clearly been shaken.
Retailers are facing a tough climate in recent years, and Office Depot has suffered greatly. Is this penny stock still worth your time or is there a light on the horizon?
Let’s check this out.
Penny Stocks to Watch: Office DepotThe most recent decline has come from the company’s disappointing preliminary first-quarter earnings report.
Office Depot reported that ...
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