Why Sears Holdings Stock Is Dropping Today
Shares of Sears Holdings (NASDAQ: SHLD) were falling again today as worries continued to mount about the ailing retailer's future. On Monday, Sears revealed in a filing that it had gone through $200 million in loans during October as it stocks up for the holiday season, and other reports are emerging about nervous suppliers that are squeezing the retailer.
As of 3:45 p.m. EDT, the stock was down 5.6%.
Image source: Sears.
Source: Fool.com