Sears Holdings Corp. (SHLD) Sees Strong Trading Volume
Shares of Sears Holdings Corp. (NASDAQ:SHLD) saw unusually-high trading volume on Monday . Approximately 402,525 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 413,609 shares.The stock last traded at $15.91 and had previously closed at $16.02.
The company has a 50-day moving average of $15.28 and a 200-day moving average of $15.05. The company’s market cap is $1.70 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last released its quarterly earnings results on Thursday, May 26th. The company reported ($1.86) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.20) by $1.34. The company earned $5.40 billion during the quarter, compared to the consensus estimate of $5.26 billion. The company’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($3.48) earnings per share. On average, analysts expect that Sears Holdings Corp. will post ($12.45) EPS for the current fiscal year.
In other Sears Holdings Corp. news, Director Fairholme Capital Management L bought 105,300 shares of Sears Holdings Corp. stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average cost of $12.12 per share, with a total value of $1,276,236.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey A. Balagna sold 7,643 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $13.82, for a total value of $105,626.26. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Sears Holdings Corp. stock. California Public Employees Retirement System raised its stake in shares of Sears Holdings Corp. (NASDAQ:SHLD) by 37.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,248 shares of the company’s stock after buying an additional 44,000 shares during the period. California Public Employees Retirement System owned approximately 0.15% of Sears Holdings Corp. worth $3,295,000 at the end of the most recent quarter.
Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). It operates through two segments: Kmart and Sears Domestic. It operates approximately 940 Kmart stores across over 50 states, Guam, Puerto Rico and the United States Virgin Islands.
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