Market Overview

Sears Lower After 8-K Reveals Resignation Of Board Chairman

Related SHLD
32 Stocks Moving In Friday's Mid-Day Session
Mid-Morning Market Update: Markets Edge Higher; Dave & Buster's Tops Q2 Views
Sears Slumps on CEO Lampert's Urgent Restructure Plan (GuruFocus)

Sears Holding Corp (NASDAQ: SHLD) shares are trading lower by $1.00 (13 percent) at $5.77 in Monday's session.

Investors are exiting the stock after the company revealed in an early 8-K filing that Board Chairman Bruce Berkowitz will be resigning.

Related: 4 Stocks Reeling On Retail News

After a lower open, Sears managed an 18-cent bounce to $6.42 before continuing its move lower. At this time, the stock is attempting to find support ahead of last Thursday's low ($5.52), which marked it lowest level since Jan. 2004 ($5.05), as $5.75 stands as the low for the session as of Noon EST.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (SHLD)

View Comments and Join the Discussion!

PaperTraders Is The DraftKings Of Investing

Tech Profits: Looking Beyond The FANG Stocks