Traders Purchase High Volume of Put Options on Sears Holdings Corp. (SHLD)
Shares of Sears Holdings Corp. (NASDAQ:SHLD) was the target of some unusual options trading activity on Thursday. Stock investors acquired 8,062 put options on the stock, Analyst RN reports. This is an increase of approximately 135% compared to the average volume of 3,426 put options.
In other Sears Holdings Corp. news, SVP William Phelan sold 3,968 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $64.10, for a total transaction of $254,348.80. Following the completion of the transaction, the senior vice president now directly owns 2,812 shares in the company, valued at approximately $180,249. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sears Holdings Corp. in a research note to investors on Friday, September 13th. They now have a $62.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.28.
Shares of Sears Holdings Corp. (NASDAQ:SHLD) traded down 7.22% on Thursday, hitting $55.27. The stock had a trading volume of 1,989,717 shares. Sears Holdings Corp. has a 1-year low of $38.40 and a 1-year high of $68.77. The stock has a 50-day moving average of $54.17 and a 200-day moving average of $49.24. The company’s market cap is $5.885 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last released its earnings data on Thursday, August 22nd. The company reported ($1.46) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.10) by $0.36. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the company posted ($0.86) earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Sears Holdings Corp. will post $-6.15 earnings per share for the current fiscal year.
Sears Holdings Corporation (NASDAQ:SHLD) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears) and 500 full-line and specialty retail stores in Canada operating through Sears Canada Inc (Sears Canada), a 95%-owned subsidiary.
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