ODP at highest level since october of 08.. for no real reason? 550k jobs lost today.. is that the good news? or is it that ODP is being sued for 217 million dollars? or that they're being investigated by every state and every branch of government?
last coverage on ODP: Hold. on july 20, when the stock was 4.71... hold does not mean 25% rally people.
It's probably a big hedge fund finally closing out a large short position. They should have covered long ago but they aren't always the sharpest investors either. They often make huge mistakes because of HUGE egos! There doesn't appear to be any fundamentals behind this big move up the past few days. More bad news than good.