Office Depot Pres. Steven Mark Schmidt Sells Off $718,500 of Stocks

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Date: Tuesday January 21, 2014 12:07:32 pm
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    Office Depot Pres. Steven Mark Schmidt Sells Off $718,500 Worth of Stocks 
    Office Depot President of International Sales  Steven Mark Schmidt  Sells Off $718,500 Worth of Stocks (ODP)

    by John Perry
    .

    Office Depot Insider Steven Mark Schmidt sold 150,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $4.79, for a total value of $718,500.00. Following the completion of the transaction, the insider now directly owns 712,717 shares in the company, valued at approximately $3,413,914. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

    Shares of Office Depot (NYSE:ODP) opened at 4.77 on Friday. Office Depot has a one year low of $3.55 and a one year high of $6.10. The stock’s 50-day moving average is $5.18 and its 200-day moving average is $4.81. The company has a market cap of $1.379 billion and a P/E ratio of 40.08.

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