Somewhat Critical News Coverage Likely to Impact Sears (SHLD) Stock Price

Media stories about Sears (NASDAQ:SHLD) have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sears earned a media sentiment score of -1.29 on their scale. InfoTrie also assigned media headlines about the company an news buzz score of 7 out of 10, meaning that recent news coverage is likely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have effected Sears’ score:

Shares of SHLD stock traded up $0.03 during midday trading on Friday, reaching $0.33. 2,109,896 shares of the stock were exchanged, compared to its average volume of 8,195,515. Sears has a 1 year low of $0.28 and a 1 year high of $6.67.

Sears (NASDAQ:SHLD) last posted its earnings results on Thursday, September 13th. The company reported ($4.12) earnings per share for the quarter. The business had revenue of $3.18 billion during the quarter.

SHLD has been the topic of a number of research analyst reports. ValuEngine upgraded Sears from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. S&P Equity Research reduced their price target on Sears from $1.45 to $1.23 in a report on Friday, August 31st.

In other news, major shareholder Bruce R. Berkowitz sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $1.24, for a total value of $99,200.00. Following the sale, the insider now directly owns 719,516 shares of the company’s stock, valued at approximately $892,199.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 235,300 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $1.21, for a total value of $284,713.00. Following the completion of the sale, the insider now directly owns 719,516 shares in the company, valued at $870,614.36. The disclosure for this sale can be found here. Insiders have sold a total of 916,800 shares of company stock worth $908,832 in the last quarter. Company insiders own 56.80% of the company’s stock.

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About Sears

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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Insider Buying and Selling by Quarter for Sears (NASDAQ:SHLD)

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