Sears (SHLD, $0.37) Gets Some More Time To Continue Operating, Will Sell Off 500 Stores
Sears Holdings Corp. has been allowed some time before a legal decision would be made on whether or not the retail company should continue to operate.
During Thursday’s bankruptcy court hearing, Judge Robert Drain gave permission to Sears to auction off 500 stores. Sears hopes the stores’ liquidation would generate cash to help the Sears brand stay alive. The company’s creditors had argued that Sears should immediately go out of business in order to staunch any further losses. Judge Drain has, however, decided to wait until a December hearing to give the final verdict on whether Sears should be allowed to continue operations or if it should begin shuttering all of its stores.
"We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock, but also indicated that the company hopes to gain some tailwind from the upcoming holiday shopping. Sears has also managed to receive an additional $350 million loan from Great American Capital Partners, which is another important source for funding the retailer’s operations during the bankruptcy process (and therefore help its stores sustain through the holiday season) .
Sears Chairman Eddie Lampert, who also runs hedge fund ESL Investments Inc, has been reportedly working with potential lenders to gather funds in a bid to keep Sears in business, according to bankruptcy-court papers (as suggested by a Reuters article).
SHLD sees MACD Histogram crosses below signal line
SHLD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 10, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 24 instances where the indicator turned negative. In of the 24 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SHLD moved out of overbought territory on June 27, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SHLD broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 25, 2025. You may want to consider a long position or call options on SHLD as a result. In of 45 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHLD advanced for three days, in of 179 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 238 cases where SHLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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