Tuesday, March 28, 2017

Sears CEO Lampert takes bigger stake in ailing chain, shares jump

Image result for sears storeShares of Sears Holdings jumped more than 9 percent Monday after Chairman and CEO Edward Lampert bought more of the department store's shares.

Lampert, already Sears' largest shareholder, bought nearly 526,000 shares last week, according to a Friday regulatory filing. Earlier that week, Fairholme Capital Management bought up nearly 614,000 shares. Fairholme Chief Investment Officer Bruce Berkowitz is also a member of Sears' board of directors.. . . moreSearsSears

No comments: