Investors Buy Large Volume of Sears Holdings Corp. Put Options (SHLD)
Shares of Sears Holdings Corp. (NASDAQ:SHLD) saw unusually large options trading activity on Thursday. Stock traders purchased 6,638 put options on the stock, AnalystRatingsNetwork reports. This is an increase of approximately 406% compared to the average daily volume of 1,311 put options.
Shares of Sears Holdings Corp. (NASDAQ:SHLD) traded down 7.15% during mid-day trading on Thursday, hitting $33.38. 4,628,458 shares of the company’s stock traded hands. Sears Holdings Corp. has a one year low of $31.26 and a one year high of $67.50. The stock’s 50-day moving average is $37.99 and its 200-day moving average is $40.4. The company’s market cap is $3.553 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last announced its earnings results on Thursday, August 21st. The company reported ($5.39) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($2.63) by $2.76. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the company posted ($1.70) earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Analysts expect that Sears Holdings Corp. will post $-7.98 EPS 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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