Breakfast Technical Briefing on Specialty Retail Stocks -- Michaels Cos., Office Depot, Tractor Supply, and ZAGG Inc.
NEW YORK, October 26, 2017 /PRNewswire/ --
If you want a Stock Review on MIK, ODP, TSCO, or ZAGG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. DailyStockTracker.com has redirected investors' attention to The Michaels Cos. Inc. (NASDAQ: MIK), Office Depot Inc. (NASDAQ: ODP), Tractor Supply Co. (NASDAQ: TSCO), and ZAGG Inc. (NASDAQ: ZAGG). These equities belong to the Specialty Retail industry, which consists of companies engaged in the operation of stores and dealerships concentrated on a single product. This space includes car and truck dealerships, auto parts, home improvement, office supplies, books, and other focused retail operations. Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
Michaels Cos.
Irving, Texas headquartered The Michaels Cos. Inc.'s shares gained 0.33%, closing Wednesday's trading session at $21.03. The stock recorded a trading volume of 2.96 million shares, which was above its three months average volume of 2.03 million shares. The Company's shares have advanced 3.29% over the previous three months and 2.84% since the start of this year. The stock is trading 1.39% above its 200-day moving average. Additionally, shares of Michaels Cos., which owns and operates arts and crafts specialty retail stores in North America, have a Relative Strength Index (RSI) of 50.26. See our free and comprehensive research report on MIK at:
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Office Depot
On Wednesday, shares in Boca Raton, Florida headquartered Office Depot Inc. recorded a trading volume of 2.85 million shares. The stock declined 0.54%, ending the day at $3.71. The Company's shares are trading below their 50-day moving average by 10.72%. Furthermore, shares of Office Depot, which together with its subsidiaries, supplies office products and services in North America, have an RSI of 37.03.
On October 03rd, 2017, Office Depot announced that it is pivoting it from a traditional office products retailer to a broader business services and technology products platform. As the first step in this new strategic direction, the Company has entered into a definitive agreement to acquire CompuCom Systems, Inc., a market-leading provider of award-winning IT services, products, and solutions that enable the digital workplace for enterprise, small, and mid-size businesses. ODP free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=ODP
Tractor Supply
Brentwood, Tennessee headquartered Tractor Supply Co.'s stock finished the day 0.65% lower at $57.92. A total volume of 4.31 million shares was traded, which was above their three months average volume of 2.17 million shares. The Company's shares have advanced 0.68% in the previous three months. The stock is trading below its 50-day moving average by 3.07%. Additionally, shares of Tractor Supply, which operates rural lifestyle retail stores in the US, have an RSI of 36.12.
On October 02nd, 2017, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral' while revising its previous target price from $62 a share to $67 a share.
On October 24th, 2017, Petsense, which is owned and operated by Tractor Supply, has launched True Source, an exclusive brand of premium dog and cat food. True Source includes ten formulas of dog food in assorted flavors in both grain-free and whole grain varieties along with two formulas of cat food, both in grain-free formulations. In December 2017, True Source will expand to offer customers canned food options in addition to dry formulas. Sign up for your complimentary report on TSCO at:
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ZAGG Inc.
Shares in Midvale, Utah headquartered ZAGG Inc. ended yesterday's session 16.91% lower at $14.50. The stock recorded a trading volume of 2.67 million shares, which was above its three months average volume of 584,480 shares. The Company's shares have advanced 1.05% in the last one month, 70.59% over the previous three months, and 104.23% since the start of this year. The stock is trading 3.48% and 56.74% above its 50-day and 200-day moving averages, respectively. Moreover, shares of ZAGG, which together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the US, Europe, and internationally, have an RSI of 41.96.
On October 24th, 2017, ZAGG announced that it will report Q3 financial results on November 01st, 2017, immediately following the closing of regular stock market trading hours. The Company will hold a conference call that same day at 5:00 p.m. ET to review the results and discuss its outlook and business. The conference call will be available via a live webcast on the Company's investor website. Register for free on DailyStockTracker.com and download the latest research report on ZAGG at:
http://dailystocktracker.com/registration/?symbol=ZAGG
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