Stock Worth Mentioning: Will Sears Holdings Corp Short Squeeze Soon?

Stock Worth Mentioning: Will Sears Holdings Corp Short Squeeze Soon?

The stock of Sears Holdings Corp (NASDAQ:SHLD) is a huge mover today! About 556,515 shares traded hands. Sears Holdings Corp (NASDAQ:SHLD) has declined 36.19% since March 7, 2016 and is downtrending. It has underperformed by 43.79% the S&P500.
The move comes after 6 months negative chart setup for the $1.18 billion company. It was reported on Oct, 10 by Barchart.com. We have $10.54 PT which if reached, will make NASDAQ:SHLD worth $82.60M less.

According to Zacks Investment Research, “Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co., is the leading home appliance retailer in North America and is a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands’ End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.”

Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.21, from 1 in 2016Q1. The ratio fall, as 31 funds sold all Sears Holdings Corp shares owned while 36 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 72.78 million shares or 3.02% more from 70.64 million shares in 2016Q1.
Next Group Inc Inc, a Texas-based fund reported 64 shares. Rhumbline Advisers, a Massachusetts-based fund reported 18,888 shares. New York State Common Retirement Fund holds 28,800 shares or 0% of its portfolio. Moreover, Barclays Public Lc has 0% invested in Sears Holdings Corp (NASDAQ:SHLD) for 90,426 shares. Quantitative Invest Management Limited Company accumulated 0.01% or 20,700 shares. Parametric Port Associates Limited Liability Company holds 161,348 shares or 0% of its portfolio. Eaton Vance Management holds 0% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD) for 12,107 shares. Mad River Investors holds 119,217 shares or 2.03% of its portfolio. The New York-based Oz Mgmt L P has invested 0.03% in Sears Holdings Corp (NASDAQ:SHLD). Comerica National Bank & Trust holds 0.01% or 52,297 shares in its portfolio. National Bank & Trust Of Montreal Can holds 179,350 shares or 0% of its portfolio. Cooper Creek Prtn Management Ltd Liability Corporation last reported 80,906 shares in the company. Swiss State Bank has invested 0% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD). Knightsbridge Asset Mngmt Limited Liability Co holds 0.21% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD) for 16,211 shares. Chou Associates Mngmt reported 1.03M shares or 1.9% of all its holdings.

Insider Transactions: Since June 3, 2016, the stock had 3 insider buys, and 1 sale for $7.08 million net activity. $3.46 million worth of Sears Holdings Corp (NASDAQ:SHLD) shares were bought by FAIRHOLME CAPITAL MANAGEMENT LLC.

More notable recent Sears Holdings Corp (NASDAQ:SHLD) news were published by: Foxbusiness.com which released: “Sears Holding Corp CEO Eddie Lampert Swears He Isn’t Closing Kmart” on October 09, 2016, also Fool.com with their article: “Why Sears Holdings Corporation Stock Dropped 17% Last Month” published on October 05, 2016, Fool.com published: “The End Is Quickly Approaching for Sears Holdings Corp.” on September 21, 2016. More interesting news about Sears Holdings Corp (NASDAQ:SHLD) were released by: Fool.com and their article: “Eddie Lampert Has to Step in and Save Sears Holdings Corp … Again” published on September 01, 2016 as well as Fool.com‘s news article titled: “Would Sears Holdings Corp. Have Anything of Value if Eddie Lampert Sells These …” with publication date: June 11, 2016.

SHLD Company Profile

Sears Holdings Corporation, incorporated on November 23, 2004, is an integrated retailer. The Firm is the parent firm of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Firm operates through two divisions: Kmart and Sears Domestic. It also offers Shop Your Way, a member social shopping platform that offers rewards and personalized services. Shop Your Way connects all of the ways members shop-in store, at home, online and by phone. The Firm is the home appliance retailer, as well as offers tools, lawn and garden, fitness equipment, automotive repair and maintenance. The Company’s brands include Kenmore, Craftsman and DieHard. It also maintains a range of apparel and home offering, including labels, such as Jaclyn Smith, Joe Boxer, Route 66, Cannon, Ty Pennington Style and Levi’s and also offers Lands’ End merchandise in some of its Full-line stores. Additionally, it offers the Adam Levine and Nicki Minaj collections in approximately 500 Kmart stores and on shopyourway.com/kmart.com. It is also a well-known provider of home services, with over 10 million service and installation calls made annually.

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