Price/Volume Alert: Sears Holdings (SHLD)

Posted in General 
May 22nd, 2009

Sears Holdings (NASDAQ: SHLD) is seeing a surge in price and some decent pre-market volume considering it is not even 8:00 AM EST.  The retailer and part-time hedge fund posted a Q1 profit of $26 million, or $0.21 EPS rather than a loss expected and above a $56 million loss a year ago. Revenue fell almost 10% to $10.06 billion,  from $11.07 billion last year.  At 7:53 AM EST we have seen 20,000 shares trade hands, and the last print was $61.76.  That compares to a $50.19 close yesterday.

JON OGG

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