collected by :Molly Tony
referring to Sears stock closed Friday at $9.23, putting the shares up 21% for the week and almost 33% in 30 days.
Despite the strong rise, SHLD stock is still down 1.6% year-to-date, underscoring the remarkable gains investors have witnessed in such a short period of time.
And without the latter, which is what SHLD stock needs to grow, there’s no point to staying open.
If judging solely based on the trading action of SHLD stock, which surged 15% Friday, the beleaguered department store retailer is now a slam-dunk investment.
Notably, the Sears stock performance comes even as the Illinois-based company reported terrible fiscal Q4 and full year earnings results last week.
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Fairholme Capital Management L also recently made the following trade(s):On Tuesday, March 14th, Fairholme Capital Management L purchased 281,900 shares of Sears Holdings Corp stock.
On Thursday, December 22nd, Fairholme Capital Management L sold 8,700 shares of Sears Holdings Corp stock.
Sears Holdings Corp (NASDAQ:SHLD) Director Fairholme Capital Management L purchased 222,100 shares of the business’s stock in a transaction dated Friday, March 17th.
Sears Holdings Corp has a 52 week low of $5.50 and a 52 week high of $19.12.