Similar Stories to Why Sears Holdings Stock Sank 13% Today on Bing News

newsfeedback@fool.com (Rich Smith), The Motley Fool
Wed, 08/15/2018 - 8:24pm

Things are not looking good for Sears Holdings (NASDAQ: SHLD) -- although that's not exactly breaking news.What is news is that it's starting to look like folks may be shutting off the lights at Sears before too much longer. Over the past year, Sears stock has lost 77% of its value, and on Wednesday, the stock closed down another 13.1% after news broke that one of the retailer's best brands is about to be sold out from under it.Specifically, in an SC 13D filing with the SEC, hedge fund ESL Investments (whose CEO, Eddie Lampert, is also CEO of Sears) confirmed that it has offered to buy Sears' Kenmore brand and also its Home Improvement business.Continue reading

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