Sears (SHLD) Earns Media Sentiment Rating of 0.71
News articles about Sears (NASDAQ:SHLD) have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sears earned a daily sentiment score of 0.71 on their scale. InfoTrie also gave news coverage about the company an news buzz score of 6 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Sears’ score:
- Sears pops after report says its closing in on a deal that could keep it open through the holidays (SHLD) (markets.businessinsider.com)
- [$$] Sears Customers Could Soon Be Taking Their Business to Home Depot (finance.yahoo.com)
- E-Commerce Could Elevate Macy’s Stock Out of Its Post-Earnings Doldrums (finance.yahoo.com)
- Exclusive: Sears finalizing $350 million bankruptcy loan with Great American – sources (feeds.reuters.com)
- Bloomingdale's to start selling high-end appliances ahead of the holidays as Sears struggles (finance.yahoo.com)
NASDAQ:SHLD traded up $0.06 during mid-day trading on Wednesday, hitting $0.36. The stock had a trading volume of 3,027,480 shares, compared to its average volume of 8,195,515. Sears has a twelve month low of $0.28 and a twelve month high of $6.67.
Several analysts recently weighed in on SHLD shares. S&P Equity Research reduced their target price on shares of Sears from $1.45 to $1.23 in a report on Friday, August 31st. ValuEngine raised shares of Sears from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd.
In related news, major shareholder Bruce R. Berkowitz sold 235,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $1.21, for a total value of $284,713.00. Following the sale, the insider now owns 719,516 shares of the company’s stock, valued at $870,614.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 209,500 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $1.11, for a total transaction of $232,545.00. Following the completion of the sale, the insider now directly owns 647,516 shares in the company, valued at approximately $718,742.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 916,800 shares of company stock worth $908,832. 56.80% of the stock is owned by corporate insiders.
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Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.
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