Why Sears Holding Corp Stock Was Falling Today
Shares of Sears Holding Corp (NASDAQ: SHLD) were sliding today as investors pulled back following yesterday's surge on news that it would begin selling Kenmore products on Amazon.com. As of 2:58 p.m. EDT, the stock was down 6.8%.
Image source: Sears.
Sears stock soared yesterday on the surprising news that it was partnering with Amazon to sell Kenmore and other appliances, and that they have been integrated with Amazon's voice-activated Alexa technology. The stock jumped as much as 24% on the announcement yesterday, finishing up 10.6%.
Source: Fool.com
Amazon.com Inc. Stock
€160.48
-0.850%
The stock is an absolute favorite of our community with 156 Buy predictions and no Sell predictions.
As a result the target price of 192 € shows a slightly positive potential of 19.64% compared to the current price of 160.48 € for Amazon.com Inc..
