The stock of Sears Canada Inc (TSE:SCC) hit a new 52-week low and has $2.01 target or 12.00% below today’s $2.28 share price. The 9 months bearish chart indicates high risk for the $218.95M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $2.01 price target is reached, the company will be worth $26.27M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 510 shares traded hands. Sears Canada Inc (TSE:SCC) has declined 33.72% since April 5, 2016 and is downtrending. It has underperformed by 38.50% the S&P500.
More notable recent Sears Canada Inc (TSE:SCC) news were published by: Business.Financialpost.com which released: “Sears Canada Inc faces another $100-million class action lawsuit from its dealers” on November 23, 2015, also Business.Financialpost.com with their article: “Sears Canada says it will cut more costs as it posts bigger loss” published on June 08, 2016, Business.Financialpost.com published: “Sears Canada’s new logo ‘bold, confident’ and not blue-and-white” on August 24, 2016. More interesting news about Sears Canada Inc (TSE:SCC) were released by: Business.Financialpost.com and their article: “Sears Canada Inc narrows third-quarter loss” published on December 03, 2015 as well as Theglobeandmail.com‘s news article titled: “Sears Canada races to close more stores amid cost-cutting efforts” with publication date: January 24, 2016.
Sears Canada Inc. is a Canada multi-channel retailer company. The company has a market cap of $218.95 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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