Why Office Depot Stock Is Having a Wild Day on Tuesday

Why Office Depot Stock Is Having a Wild Day on Tuesday

Shares of Office Depot (NASDAQ: ODP) were volatile on Tuesday, after the company confirmed its reverse stock split will proceed as planned. During today's session, Office Depot stock has ranged from 3% down to 12% up, but it was more volatile than this in pre-market trading. Traders were confused about Office Depot's reverse stock split.