Cramer: Why Sears Keeps on Rising
This item was originally published for Action Alerts PLUS on June 1 at 11:30 a.m. ET. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to Action Alerts PLUS, please click here.
Why did Sears(SHLD Quote) spike today? It certainly wasn't anything I saw about the substance of the business; remember, its earnings report Thursday was far from spectacular.
I think it spiked because of the share count. Two numbers tell the story: 153.7 million and 152,492,175 shares. That's the number of shares that were listed in the quarterly release and the number of shares listed in the 10q just released today. That means Eddie Lampert bought back 1.2 million shares between May 5 and May 25. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |


Connect with TheStreet