Somewhat Positive Press Coverage Unlikely to Impact Sears (SHLD) Stock Price
Headlines about Sears (NASDAQ:SHLD) have trended somewhat positive on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sears earned a news impact score of 1.57 on their scale. InfoTrie also gave news stories about the company an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Sears’ ranking:
- Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer (feeds.reuters.com)
- UPDATE 3-Sears Chairman Lampert makes $4.6 bln bid for bankrupt retailer (feeds.reuters.com)
- Eddie Lampert bids $4.6 billion for Sears (news.yahoo.com)
- Eddie Lampert bids $4.6 billion to keep Sears alive — or to ‘drain more blood’ from it (latimes.com)
- UPDATE 2-Sears Chairman Lampert makes $4.6 bln bid for bankrupt retailer (feeds.reuters.com)
SHLD opened at $0.26 on Friday. Sears has a fifty-two week low of $0.28 and a fifty-two week high of $6.67.
Separately, 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.
In other Sears news, major shareholder Bruce R. Berkowitz sold 141,800 shares of Sears stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $0.63, for a total value of $89,334.00. Following the completion of the transaction, the insider now owns 560,016 shares of the company’s stock, valued at $352,810.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bruce R. Berkowitz sold 42,400 shares of Sears stock in a transaction on Monday, October 1st. The shares were sold at an average price of $0.83, for a total transaction of $35,192.00. Following the completion of the transaction, the insider now directly owns 605,116 shares of the company’s stock, valued at approximately $502,246.28. The disclosure for this sale can be found here. Insiders sold 392,000 shares of company stock valued at $292,374 in the last ninety days. 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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