Sears (SHLD) Receiving Somewhat Critical News Coverage, Report Finds
News coverage about Sears (NASDAQ:SHLD) has been trending somewhat negative this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sears earned a media sentiment score of -1.17 on their scale. InfoTrie also assigned media coverage about the company an news buzz score of 2 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Sears’ analysis:
- The Wall Street Journal: Sears seeks big bonuses for top executives (marketwatch.com)
- Cyrus Offers Sears Cash to Settle Dispute Over Note Sale (finance.yahoo.com)
- [$$] Hedge Fund Offers Truce to Save Sears Swaps Wager (finance.yahoo.com)
- [$$] Sears Proposes Bonus Package for Top Executives (finance.yahoo.com)
- This holiday season, there’s no room for error for these five retailers (finance.yahoo.com)
A number of equities analysts have recently weighed in on SHLD shares. ValuEngine raised Sears from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. S&P Equity Research lowered their target price on Sears from $1.45 to $1.23 in a research report on Friday, August 31st.
Sears (NASDAQ:SHLD) last issued its earnings results on Thursday, September 13th. The company reported ($4.12) earnings per share for the quarter. The firm had revenue of $3.18 billion during the quarter.
In other news, major shareholder Bruce R. Berkowitz sold 141,800 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $0.63, for a total transaction of $89,334.00. Following the transaction, the insider now directly owns 560,016 shares of the company’s stock, valued at $352,810.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 235,300 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $1.21, for a total value of $284,713.00. Following the transaction, the insider now directly owns 719,516 shares in the company, valued at $870,614.36. The disclosure for this sale can be found here. Insiders have sold 836,800 shares of company stock worth $809,632 over the last ninety days. 56.80% of the stock is owned by insiders.
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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