Sears Holdings Corp. Shares Gap Up Following Insider Buying Activity (SHLD)
Sears Holdings Corp. (NASDAQ:SHLD) gapped up before the market opened on Wednesday after an insider bought additional shares in the company, Stock Ratings Network reports. The stock had previously closed at $34.62, but opened at $34.67. Sears Holdings Corp. shares last traded at $35.46, with a volume of 685,183 shares trading hands.
Specifically, Director Paul G. Depodesta purchased 1,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $33.30 per share, for a total transaction of $33,300.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
The stock’s 50-day moving average is $37.27 and its 200-day moving average is $40.43. The company’s market cap is $3.805 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($5.39) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($1.70) earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. Analysts expect that Sears Holdings Corp. will post $-9.50 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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