The S&P rose 2.39 points to 1,360.05.
|Sears, Express Scripts and Medco are among the best-performing stocks on the S&P 500 stocks midday Thursday.|
Shares of jumped rose 20.47% to $62.74. The retailer said Thursday it would try to raise about $1 billion from selling off or spinning out stores. Sears plans on selling 11 stores to General Growth Partners (GGP) to the tune of about $270 million.
Sears also reported a fourth-quarter loss of $2.4 billion.Five of the six analysts who cover Sears rated it sell; one analyst gave it a hold rating. TheStreet Ratings gives Sears a D grade and sell rating. The stock has risen 97.42% year to date.