What’s Next for Sears Canada Inc After Today’s Huge Increase?


The stock of Sears Canada Inc (TSE:SCC) is a huge mover today! About 11,100 shares traded hands. Sears Canada Inc (TSE:SCC) has declined 43.23% since February 5, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.
The move comes after 5 months positive chart setup for the $338.27M company. It was reported on Sep, 13 by Barchart.com. We have $6.93 PT which if reached, will make TSE:SCC worth $372.10 million more.

Sears Canada Inc. is a Canada multi-channel retailer company. The company has a market cap of $338.27 million. The Firm operates through merchandising segment. It currently has negative earnings. The Company’s merchandising activities include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. (Corbeil) stores and its direct (catalogue/Internet) channel.

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