|Bid||10.13 x 230800|
|Ask||10.14 x 101400|
|Day's Range||10.12 - 10.13|
|52 Week Range||7.24 - 10.25|
|PE Ratio (TTM)||-2.80|
|Dividend & Yield||0.48 (5.24%)|
|1y Target Est||N/A|
Futures mixed as Walgreens, Rite Aid merger off.
U.S. equities finished strongly higher on Wednesday, led by both a roaring Nasdaq Composite and small-cap-focused Russell 2000 as some of the recent central bank hawkishness was walked back overnight courtesy of the European Central Bank. Officials felt compelled, after some inter-asset volatility, to clarify that ECB chief Mario Draghi’s comments yesterday — saying factors weighing on inflation were temporary amid an upbeat assessment about the economy — were misjudged. In the end, the Dow Jones Industrial Average gained 0.7%, the S&P 500 gained 0.9%, the Nasdaq Composite gained more than 1.4% for its best day of the year, and the Russell 2000 gained 1.5%.
Shares of Staples Inc. (SPLS) first hit the buyout price announced yesterday of $10.25 per share in 1998, and for the past 19 years have been mostly higher than that, with nearly two years priced above $20 each. The biggest investor in the company was Malvern, Pennsylvania-based The Vanguard Group, which owned 9.99 percent of shares of the company. Locally, both Fidelity and State Street Global Advisors were also among the top 10 investors in Staples, with a 4.77 percent and a 4.53 percent stake respectively.