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Current DateTime: 07:57:36 23 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Oct.31
3:01 PM ET
Friday, 31 Oct 2008
Hottest Stock on Earth*

*(well... that is, if your universe is the S&P 500!)

Matt Nesto, CNBC Reporter

Matt Nesto
CNBC Reporter

No matter... shares of Office Depot [ODP  Loading...      ()   ] are not only No. 1 today (up 20 percent) but No. 1 this week... with an astounding 118 percent gain in 5 days.

What's noteable is that ODP actually posted weak results on Wednesday,  but they were pushed aside after rival Staples [SPLS  Loading...      ()   ] gave strong guidance... which was enough to rally Office Depot and Office Max [OMX  Loading...      ()   ] too.

Also worth noting: 

- ODP's short interest has fallen from 10 percent to about 8 percent in October...

- It's one of the 10 smallest members of the S&P 500,  with market cap of $990 million...

- And one of 20 S&P 500 index members with a share price less than $5.

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© 2009 CNBC.com

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