http://www.nasdaq.com/symbol/shld/insider-trades
8 replies (most recent on top)
Sears numbers arent being "faked" as all these stock trades are public information. As a matter of fact, people could have predicted Eddie would drive up the stock price and made some money themselves on this by buying and selling the stock themselves. And sure business people always have something in the works.....doesnt mean it is a negative thing.
Favorite line -- Sears stock jumped but it seems more like a dead cat bounce than anything else.
https://www.fool.com/investing/2017/03/27/why-sears-holding-corp-stock-popped-today.aspx?source=iedfolrf0000001
Motley Fool has an article on it today.
Agree with post below that something is going on. I don't pretend to understand it. Just like the credit card craziness. Something behind that too.
Fairholme did get paid back a substantial loan while SHC was crying poor so there is the strong connection.
Probably something in a business interest of Berkowitz's that isn't obvious unless you search & connect the dots. They have a chess game going here which I wouldn't mind IF they weren't mercilessly squeezing the ground level staff.
For peanuts, the current employees could keep their jobs and their hours and go out when the company shuts down. It's not that much money & let's face it. They're losing so much anyway, does squeezing a barely above minimum wage employee make sense?
Eddie would be buying that to prop the stock price, but not the others, including Bruce Berkowitz (Fairholme Capital). Make no mistake, there is something else going on.
Derp.
Wow...that is eye opening. But I think most of us knew this was going on. Thanks...great find.