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JAN 10, 2014 - TheStreet

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Why Sears (SHLD) Is Down Today

NEW YORK (TheStreet) -- Sears Holding Corporation  fell 13.74% to $36.72 at the close of the trading day on Friday, down $5.85 from the previous close of $42.57. The stock had a volume of 10,339,635, well above its average volume of 1,367,940.The drop coincided with Moody's Investor Services' downgrading of the stock to Caa1 from B3 after Sears' comparable sales fell 7.4% for the quarter to date that ended on Jan. 6, 2014 compared to the prior year. For the fiscal year, Sears anticipates domestic Adjusted EBITDA loss between $308 million and $408 million compared to ... Read More

Tags: Why Sears (SHLD) Is Down Today,  Moody's Latest News