The stock of Sears Holdings Corp (NASDAQ:SHLD) reached all time low today, Oct, 13 and still has $9.66 target or 9.00% below today’s $10.61 share price. This indicates more downside for the $1.12B company. This technical setup was reported by Barchart.com. If the $9.66 PT is reached, the company will be worth $100.80 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 472,681 shares traded hands. Sears Holdings Corp (NASDAQ:SHLD) has declined 35.37% since March 10, 2016 and is downtrending. It has underperformed by 42.89% the S&P500.
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 2016 Q2. Its down 0.21, from 1 in 2016Q1. The ratio is negative, 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.
Mad River Investors accumulated 119,217 shares or 2.03% of the stock. Amer Mngmt Co accumulated 100 shares or 0% of the stock. Raymond James Assoc, a Florida-based fund reported 11,114 shares. Northern Tru Corp last reported 0% of its portfolio in the stock. Winfield Assoc last reported 0% of its portfolio in the stock. Moreover, North Star Invest Mngmt Corporation has 0% invested in Sears Holdings Corp (NASDAQ:SHLD) for 62 shares. Us Bank & Trust De last reported 0% of its portfolio in the stock. The Florida-based Fairholme Mgmt Ltd Liability has invested 26.13% in Sears Holdings Corp (NASDAQ:SHLD). Eaton Vance Mngmt last reported 0% of its portfolio in the stock. Horizon Kinetics Ltd Liability Com accumulated 0.78% or 2.27 million shares. Wolverine Asset Ltd has 0% invested in the company for 16,150 shares. Contrarius Invest Limited accumulated 0.97% or 835,864 shares. The California-based Blackrock Fund has invested 0% in Sears Holdings Corp (NASDAQ:SHLD). Ladenburg Thalmann Fincl Ser owns 372 shares or 0% of their US portfolio. Silvercrest Asset Mngmt Ltd Limited Liability Company last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 3, 2016, the stock had 3 buys, and 2 sales for $6.94 million net activity. $1.28 million worth of shares were bought by FAIRHOLME CAPITAL MANAGEMENT LLC on Monday, June 13.
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, Prnewswire.com published: “WallyHomeâ„¢ Introduces Second Generation Monitoring System With “Rapid …” on October 12, 2016. More interesting news about Sears Holdings Corp (NASDAQ:SHLD) were released by: Fool.com and their article: “The End Is Quickly Approaching for Sears Holdings Corp.” published on September 21, 2016 as well as Nasdaq.com‘s news article titled: “Commit To Purchase Sears Holdings Corp At $3, Earn 22.3% Using Options” with publication date: September 26, 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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