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. It appears that at least some investors are confused about what this means, and don't know how to best profit from the situation. 

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. Image source: Getty Images.

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Source Fool.com