OfficeMax falls more than 14% to 52-week low
OfficeMax Incorporated (NYSE:OMX) has fallen more than 14% to a new 52-week low today on news that office supply retailer Office Depot Inc. (NYSE:ODP) announced it was anticipating weak second-quarter results. Office Depot said business conditions were weakening as the economy continued to slump, problems that the smaller OfficeMax is also facing. Shares of Naperville, Ill.-based OfficeMax are down $2 to $11.83 on below-average volume, and the stock is down more than 69% from a year ago.
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