Sears Shares on the Move
Sears Holdings Corporation (NASDAQ:SHLD) shares are trending higher today, up 6% and now comfortably above its 50 and 200-day moving averages.
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Sears (SHLD) 50-day moving average is $67.61 and its 200-day moving average is $69.05, its now trading up 6% at $73.94. Sears Holdings Corp (SHLD) shares have traded between $59.21 and $125.42 over the past 12 months. Sears is now trading with a P/E Ratio of 44.1 and EPS of 1.55 and up 19% from its 52-week low.
More on today's move Via SeekingAlpha.com -- Sears (SHLD) leads all S&P stocks despite a lack of news. Yesterday, it announced a partnership with Sonic Solutions (SNIC) to launch its online movie download service.
Sympathy strength with BJ's Wholesale (BJ) takeover rumors could be at work, and Briefing.com notes that the stock has very high short-interest, at 32% of the float.