|Bid||1.21 x 21500|
|Ask||1.22 x 4000|
|Day's Range||1.13 - 1.32|
|52 Week Range||1.07 - 7.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 28, 2018 - Dec 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday.
Let's check out the Yahoo Finance charts of the day. Sears (SHLD) : Shares which are down around 5.51% The hedge fund owned by Sears CEO Eddie Lampert proposed restructuring the department store chain's debt by about 78 percent to 1.2 billion dollars. The proposal is an attempt to avoid bankruptcy. Michael Kors (KORS): Shares are are down in early trade, at around 8.7%. According to multiple reports the luxury goods maker is near a deal to buy Versace that would value the luxury fashion company at $2 billion. Pandora is (P): Shares up here, around 5.7%. SiriusXM is acquiring the streaming music service outright in an all-stock deal worth $3.5 billion. It gives the satellite radio company access to Pandora's 70 million monthly users. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.
CNBC's Courtney Reagan reports that Sears is attempting to return to profitability under the guidance of Eddie Lampert. The company hasn't been profitable in seven years.
Sears Holdings Corp Chief Executive Eddie Lampert has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday. Billionaire Lampert, who also runs hedge fund ESL Investments Inc, said the 125-year-old department store chain should undertake a number of actions to reduce its debt load to $1.2 billion from $5.6 billion. Lampert also said the company should continue selling its portfolio of real estate to achieve a $1.5 billion reduction of debt backing the properties.
Newell Brands has had a tough year, even by consumer-staples standards, but Wells Far go argues that Monday’s selloff has gone too far.
Sears and Kmart owner Sears Holdings looks to be on its last legs judging by a new SEC filing on Monday.
Among other things, the proposal includes a plan for Sears to sell an additional $1.5 billion in real estate.
The hedge fund owned by Sears Holdings Corp. CEO Eddie Lampert is urging the retailer's board to sell more of its real estate and restructure its debt, as it seeks to avoid bankruptcy. ES Investment Hedge Fund said Monday that Sears should sell $1.5 billion more in real estate and restructure $1.1 billion in debt, according to the filing with the Securities and Exchange Commission. The Hoffman Estates, Illinois-based operator of Sears and Kmart has closed hundreds of stores as it burns through money amid sagging sales.
The restructuring plan for Sears (NASDAQ:SHLD) comes from ESL Investments. This is a hedge fund belonging to Lampert. The first suggestions for returning value to Sears stock holders is selling assets that belong to the retail chain.
Since rescuing Kmart from bankruptcy and combining it with Sears in 2005, CEO Edward Lampert has closed hundreds of stores and sold off divisions as the business faltered.