News articles about Sears (NASDAQ:SHLD) have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Sears earned a news impact score of 1.57 on their scale. InfoTrie also gave press coverage about the company an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Sears’ ranking:
- Weaker Sears Holiday Forecast Heightens Doubts About Survival (finance.yahoo.com)
- Dead department stores are finding an unexpected new life with U-Haul (M, SHLD, UHAL) (uk.news.yahoo.com)
- Hoffman Estates (Village of) IL — Moody’s downgrades Hoffman Estates, IL’s GO to Aa3 from Aa2; removes negative outlook (finance.yahoo.com)
- 8 Companies That Could Disappear in 2019 (investorplace.com)
- Exclusive: Ace Hardware, Centerbridge eye Sears’ home services unit: sources (finance.yahoo.com)
Separately, S&P Equity Research decreased their price target on shares of Sears from $1.45 to $1.23 in a report on Friday, August 31st.
Sears (NASDAQ:SHLD) last posted its earnings results on Thursday, September 13th. The company reported ($4.12) earnings per share for the quarter. The company had revenue of $3.18 billion for the quarter.
In related news, major shareholder Bruce R. Berkowitz sold 42,400 shares of Sears stock in a transaction on Monday, October 1st. The shares were sold at an average price of $0.83, for a total transaction of $35,192.00. Following the transaction, the insider now owns 605,116 shares in the company, valued at approximately $502,246.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 141,800 shares of Sears stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $0.63, for a total transaction of $89,334.00. Following the transaction, the insider now owns 560,016 shares in the company, valued at approximately $352,810.08. The disclosure for this sale can be found here. Insiders have sold a total of 392,000 shares of company stock worth $292,374 in the last 90 days. Company insiders own 56.80% of the company’s stock.
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Sears Company Profile
Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.
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