The stock of Sears Holdings Corp (NASDAQ:SHLD) is a huge mover today! About 291,772 shares traded hands. Sears Holdings Corp (NASDAQ:SHLD) has declined 28.68% since April 28, 2016 and is downtrending. It has underperformed by 34.61% the S&P500.
The move comes after 6 months positive chart setup for the $1.41B company. It was reported on Dec, 1 by Barchart.com. We have $14.27 PT which if reached, will make NASDAQ:SHLD worth $98.70M more.
According to Zacks Investment Research, “Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co., is the leading home appliance retailer in North America and is a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands’ End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.”
Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.12, from 0.79 in 2016Q1. The ratio is positive, as 31 funds sold all Sears Holdings Corp shares owned while 36 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 72.78 million shares or 3.02% more from 70.64 million shares in 2016Q1.
Moreover, Mizuho Securities Usa has 0.09% invested in Sears Holdings Corp (NASDAQ:SHLD) for 41,600 shares. Credit Suisse Ag has 27,238 shares for 0% of their US portfolio. Springbok Capital Ltd Liability last reported 0% of its portfolio in the stock. Rocky Mountain Advisers Ltd reported 43 shares or 0.01% of all its holdings. Alexandria Capital Limited Company has 20 shares for 0% of their US portfolio. Swiss Savings Bank last reported 44,157 shares in the company. Millennium Mngmt Limited Company last reported 0% of its portfolio in the stock. Us Comml Bank De holds 0% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD) for 1,813 shares. Twin Tree Mgmt Limited Partnership has 0% invested in the company for 1,000 shares. The South Africa-based Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.01% in Sears Holdings Corp (NASDAQ:SHLD). Contrarius Management accumulated 835,864 shares or 0.97% of the stock. Eaton Vance last reported 12,107 shares in the company. Kingstown Mgmt Ltd Partnership owns 2.50 million shares or 3.86% of their US portfolio. Barclays Public Ltd, a United Kingdom-based fund reported 90,426 shares. Hsbc Public Ltd owns 280,924 shares or 0.01% of their US portfolio.
Insider Transactions: Since June 3, 2016, the stock had 2 insider buys, and 2 selling transactions for $3.48 million net activity. $1.28M worth of Sears Holdings Corp (NASDAQ:SHLD) shares were bought by FAIRHOLME CAPITAL MANAGEMENT LLC.
More notable recent Sears Holdings Corp (NASDAQ:SHLD) news were published by: Fool.com which released: “The End Is Quickly Approaching for Sears Holdings Corp.” on September 21, 2016, also Fool.com with their article: “Sears Holdings Corp. Is Sitting on a Ticking Time Bomb” published on March 28, 2016, Fool.com published: “Eddie Lampert Has to Step in and Save Sears Holdings Corp … Again” on September 01, 2016. More interesting news about Sears Holdings Corp (NASDAQ:SHLD) were released by: Fool.com and their article: “Why Sears Holdings Corporation Stock Dropped 17% Last Month” published on October 05, 2016 as well as Fool.com‘s news article titled: “Sears Holding Corp CEO Eddie Lampert Swears He Isn’t Closing Kmart” with publication date: October 09, 2016.
SHLD Company Profile
Sears Holdings Corporation, incorporated on November 23, 2004, is an integrated retailer. The Firm is the parent firm of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Firm operates through two divisions: Kmart and Sears Domestic. It also offers Shop Your Way, a member social shopping platform that offers rewards and personalized services. Shop Your Way connects all of the ways members shop-in store, at home, online and by phone. The Firm is the home appliance retailer, as well as offers tools, lawn and garden, fitness equipment, automotive repair and maintenance. The Company’s brands include Kenmore, Craftsman and DieHard. It also maintains a range of apparel and home offering, including labels, such as Jaclyn Smith, Joe Boxer, Route 66, Cannon, Ty Pennington Style and Levi’s and also offers Lands’ End merchandise in some of its Full-line stores. Additionally, it offers the Adam Levine and Nicki Minaj collections in approximately 500 Kmart stores and on shopyourway.com/kmart.com. It is also a well-known provider of home services, with over 10 million service and installation calls made annually.
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