Sears Holdings Corp. (NASDAQ:SHLD) shares dropped 5.5% during trading on Wednesday . The stock traded as low as $14.75 and last traded at $14.88, with a volume of 588,649 shares traded. The stock had previously closed at $15.74.

The stock’s market cap is $1.57 billion. The company has a 50-day moving average of $15.29 and a 200-day moving average of $15.04.

Sears Holdings Corp. (NASDAQ:SHLD) last released its earnings results on Thursday, May 26th. The company reported ($1.86) EPS for the quarter, topping analysts’ consensus estimates of ($3.20) by $1.34. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the business earned ($3.48) EPS. The company’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities research analysts expect that Sears Holdings Corp. will post ($12.45) EPS for the current year.

In related news, Director Fairholme Capital Management L sold 1,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $17.09, for a total value of $32,471.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey A. Balagna sold 7,643 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was 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 increased its stake in Sears Holdings Corp. (NASDAQ:SHLD) by 37.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 0.15% of Sears Holdings Corp. worth $3,295,000 as of its most recent filing with the SEC.

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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