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Stock Market & Financial Investment News

News Breaks
February 25, 2014
06:00 EDTSHLDSears implied volatility of 98 at upper end of index mean range
News For SHLD From The Last 14 Days
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July 22, 2015
08:38 EDTSHLDNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 15, 2015
11:37 EDTSHLDJ.C. Penney rises after Starboard CEO names Macy's 'best idea'
Shares of department store operator Macy's (M) are sharply higher in morning trading after Starboard Value CEO and CIO Jeff Smith revealed his firm has taken a stake in the company and believes its stock could be worth $125 per share. Smith, while speaking at the Delivering Alpha conference, contended that Macy's real estate assets are worth $21B and that it could separate its real estate from its retail business. Shares of Macy's, which Smith called his "best idea" for 2015, is up about 45 to $69.24 after the comments, while J.C. Penney (JCP), which is also a department store operator with real estate assets, is up 1.7% at $9.16. Another peer, Sears (SHLD), is down 2.8% at $23.17, but that is well off its session low of $22.66.

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