Cheering Sears, A Rare Eddie Lampert Media Outing (SHLD)
Sears Holdings Corporation (NASDAQ: SHLD) was trading lower on the day, but shares have now spiked up 2% to $68.05 on the day. The reason is rather unusual and it is likely being overlooked by many traders out there when…
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Television interviews, or any interviews for that matter, are not exactly market moving events in most cases. What is so unusual here is that Eddie Lampert almost never gives interviews and he really avoids the media spotlight in most cases.
So the speculation here is rather simple from the trader logic… Lampert is likely set to report some more big news between now and tomorrow’s interview that will be good for shareholders. If Lampert shuns the media, chances would seem to be low that he would be coming on live for the opportunity to talk down the Sears hopeful story.
Keep in mind that Sears shares have also more than doubled since the start of 2012. Shares are up 2% at $68.05 and the 52-week trading range is $28.89 to $87.66.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.