The merger of Office Depot, Inc. (NYSE:ODP) and OfficeMax Incorporated in November 2013 will further accelerate the move away from the office superstore (OSS) channel towards mass and ecommerce adding further pressure to the industry’s growth. ACCO’s business model risk caps its rating to the ‘BB’ level and in the medium term can place more downward pressure on the rating. Office Depot Inc (NYSE:ODP) shares after opening at $3.90 moved to $4.07 on last trade day and at the end of the day closed at $4.05. Company price to sales ratio in past twelve months was calculated as 0.19 and price to cash ratio as 2.27. Office Depot Inc (NYSE:ODP) showed a negative weekly performance of -2.17%.
J.C. Penney Company, Inc. (NYSE:JCP), the first change was carried out under CEO Mike Ullman. A year later new CEO Ron Johnson changed the logo in 2012. He failed miserably and was fired in 2013 and Mike Ullman came back and took over as the CEO. J.C. Penney Company, Inc. (NYSE:JCP) shares advanced 3.31% in last trading session and ended the day on $7.50. J.C. Penney Company, Inc. (NYSE:JCP) return on equity ratio is recorded as -50.80% and its return on assets is -12.10%. J.C. Penney Company, Inc. (NYSE:JCP) yearly performance is -50.53%.
Rite Aid Corporation (NYSE:RAD) has some good deals this week on Pepsi, Listerine, Xtra laundry detergent, Pampers diapers, & Depend Fit Kit (free after reward). Rite Aid Corporation (NYSE:RAD) will accept up to 4 identical coupons for the same number of qualifying products as long as there is sufficient stock. Rite Aid Corporation (NYSE:RAD) shares moved up 0.56% in last trading session and was closed at $7.16, while trading in range of $7.10 – $7.31. Rite Aid Corporation (NYSE:RAD) year to date (YTD) performance is 41.50%.
The solar energy company Sunedison Inc (NYSE:SUNE) plans to go ahead with the construction of a separate solar project in India even when it announced that it would drop one of its projects in the country. The project that the company plans to build is a 30 megawatts solar farm that is among the projects it won in February. Sunedison Inc (NYSE:SUNE) weekly performance is 1.90%. On last trading day company shares ended up $17.66. Sunedison Inc (NYSE:SUNE) distance from 50-day simple moving average (SMA50) is -2.39%. Analysts mean target price for the company is $22.46.