The shares of Sears Holdings Corp were seen to be sold by shareholder Bruce Berkowitz during the trading session on Thursday, 19th February 2015. The dominant share holder sold a total number of 37,500 shares in the open market, and each share was sold at a price of $37.27. The net amount generated by selling shares was reported to be $1,397,625.00. This transaction was filed in a document with the US Securities and Exchange Commission as it is mandatory for shareholders that have a share in the company of more than 10% to report to SEC about any transactions that they go through.
According to the document in SEC's record, shareholder Mr. Berkowitz currently owns 71,700 shares of the company after the major sell-out of shares which are valued up to $2,672,259.
On Friday, 20th February, the shares of the elevated during the day at the trading house by 1.16% and reached a share price of $36.66. The volume of the shares on the same day was recorded to be 424,555 shares. The multinational firm has a 52 week high of $22.4461 and the 52 week low of the company has been reported to be $48.25.
The stock's 200 day moving average has been disclosed at $32.40 and the 50 day moving estimate has been declared as $33.85. The current market value of the whole company stands at $3.905 billion.
Sear Holdings Corp (NASDAQ:SHLD) reported its last quarter's earnings on 4th December, Thursday. According to analysts at Thomson Reuters, the expected earnings per share were to be $3.31 but the company lagged behind by $0.60 and reported earnings of $2.71 as the EPS for the quarter.
The American company generated a total amount of $7.20 billion for the quarter which was far greater than the expectations of analysts that was $6.88 billion. The year before that, the retail company reported EPS of $2.95, which shows that Sears' quarterly revenue earnings have seen a year-over-year downfall.
According to analysts, the EPS for the current year will decline and come around at $10.07.
Sears Holdings is an American multi-national company which has around two thousand general and approximately 1200 specialty retail stores spread all over the US by the name of Sears and Kmart which are being managed through Kmart Holding Corporation. The company also has around 500 retail stores in Canada as well which is regulated through Sears Canada Inc.