Comment on Why Shares of Sears Holdings Slumped Today

Why Shares of Sears Holdings Slumped Today

Shares of troubled retailer Sears Holdings (NASDAQ: SHLD) tumbled on Tuesday as investors continued to digest the company's recent update. On Friday, Sears disclosed abysmal comparable sales figures for the first quarter, along with an update on its restructuring program and plans to sell additional real estate. The stock was down about 9.5% at 3 p.m.

 

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