Traders Buy High Volume of Put Options on Sears Holdings Corp (SHLD) – The Cerbat Gem

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Sears Holdings Corp (NASDAQ:SHLD) was the recipient of some unusual options trading on Friday. Stock investors bought 1,363 put options on the stock. This represents an increase of approximately 424% compared to the average daily volume of 260 put options.

Several equities analysts recently issued reports on SHLD shares. Vetr raised Sears Holdings Corp from a “strong sell” rating to a “sell” rating and set a $7.05 target price on the stock in a research report on Thursday, May 18th. Susquehanna Bancshares Inc started coverage on Sears Holdings Corp in a research report on Friday, February 10th. They set a “negative” rating and a $4.00 price target on the stock.

Shares of Sears Holdings Corp (NASDAQ:SHLD) traded up 6.20% during midday trading on Wednesday, reaching $7.02. The company’s stock had a trading volume of 1,334,541 shares. The stock’s market capitalization is $753.00 million. The company has a 50 day moving average of $9.43 and a 200-day moving average of $9.55. Sears Holdings Corp has a 52 week low of $5.50 and a 52 week high of $18.18.

Sears Holdings Corp (NASDAQ:SHLD) last announced its earnings results on Thursday, May 25th. The company reported ($2.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by $1.43. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the firm earned ($1.86) earnings per share. The business’s revenue was down 20.3% on a year-over-year basis. Equities research analysts predict that Sears Holdings Corp will post ($11.90) earnings per share for the current year.

In other news, Director Fairholme Capital Management L bought 6,700 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were purchased at an average cost of $8.99 per share, with a total value of $60,233.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward S. Lampert bought 525,936 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was purchased at an average cost of $7.93 per share, for a total transaction of $4,170,672.48. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,087,136 shares of company stock valued at $17,322,858. Company insiders own 80.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new stake in shares of Sears Holdings Corp during the fourth quarter worth approximately $117,000. Boothbay Fund Management LLC acquired a new stake in shares of Sears Holdings Corp during the fourth quarter worth approximately $123,000. KCG Holdings Inc. purchased a new position in shares of Sears Holdings Corp during the first quarter worth about $129,000. PEAK6 Investments L.P. raised its position in shares of Sears Holdings Corp by 192.7% in the first quarter. PEAK6 Investments L.P. now owns 15,894 shares of the company’s stock worth $183,000 after buying an additional 10,464 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Sears Holdings Corp during the fourth quarter worth about $186,000. 67.17% of the stock is owned by institutional investors and hedge funds.

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Sears Holdings Corp Company Profile

Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services.

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