Sears Holdings Corp Soars Amid Restructuring Plan But No Short Squeeze Yet

Sears Holdings Corp (NASDAQ:SHLD) has been teetering on the edge of bankruptcy for years, but a new restructuring plan was enough to make investors giddy. The stock skyrocketed by about 30% during regular trading hours on Friday, but despite that, up-to-date data indicates that there's no short squeeze going on, or at least not yet anyway.

Meanwhile, analysts seem unimpressed by Sears' restructuring plan, saying it lacks one key piece of information: any shred of a plan to drive sales. The department store operator also released preliminary fourth quarter results, but it's not the whole picture yet.
Sears Holdings announces restructuring plan


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers