Sears Holdings Experiences a Rise in Share Price
Share Holdings has been experiencing s massive rise in price for the past four weeks. The multi-national company saw a rise in share price by 2.56% in the previous week. Similarly, in the previous four weeks the company has seen a rise of 18.9% in the value of the shares. In the past week, the company was seen to ‘outperform’ on the index as an increase of 2.85% was observed on the S&P 500 in the past one week.
In a recent trading session, the company was seen to attract the attention of investors and buyers in a large number; something that was made evident in the 4.30% increment of the share price was noted by the end of the session. At the time when the session started, the share price was noted to be $37.13 and the highest that the share price reached was at $37.6 where the session successfully ended. The volume of shares that was recorded by the end of the trade came around at 1,152,903 shares.
Previously, the session came to an end at a share price of $36.05. The Chicago-based company has a 52 week low of$22.41 and a 52 week high of$48.25 which is around 25% more than the current market value of the shares. As of the 30 day, moving average of the company, the estimation made by the analysts is of $33.55 whereas the 60 day moving of the stock has decidedly been disclosed at $33.79.
In a recent press release, it was disclosed that Sears Holdings major shareholder Bruce Berkowitz was seen to have made a major transaction of the company’s share in which he bought around 15,000 shares of the company in which each share was priced at $35.46 and the total transaction was mounted at an amount accumulated at $531,900,000. This transaction of Berkowitz was submitted to the Securities Exchange Commission as shareholders who own more than 10% of the company is to report to the SEC if they undergo any such trade.
Sears Holdings (NASDAQ: SHLD) submitted the company’s quarterly earnings for the fourth quarter of on 26th February 2015. Analysts had expected the company to record earnings per share of $1.89 for the quarter, but a decline was seen when the company reported an EPS of $1.50 for the last quarter of 2015. The company previous EPS for the fourth quarter of 2013 came around at $1.13. Analysts are of the opinion that the company will post earnings of $9.96 per share for the present year
