Insider Selling: Sears Holdings Corp major shareholder Sells 40,500 Shares of Stock (SHLD)

April 2, 2015 2:18 AM

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Sears Holdings Corp (NASDAQ:SHLD) major shareholder Bruce R. Berkowitz sold 40,500 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $42.09, for a total transaction of $1,704,645.00. Following the completion of the transaction, the insider now directly owns 71,700 shares of the company’s stock, valued at approximately $3,017,853. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Separately, analysts at Vetr downgraded shares of Sears Holdings Corp from a “sell” rating to a “strong sell” rating and set a $34.00 price target on the stock in a research note on Thursday, March 19th.

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