Diamonds and Dogs
10/20/14Sears Holdings Corporation (SHLD)
Sears is looking good today, up 23.06% to $34.96. The retail company saw its shares trade in the green after announcing that the troubled retailer would raise up to $625 million through a rights offering of 8% senior notes and attached warrants. This offering is the third money raising effort in the last two months, and will help Sears raise just over $2 billion this year. Investors seem to think the money raising techniques will help Sears move forward. Shares of the company climbed over $6.50 today but are still well off of their 52-week high of $66.77.
NCR Corp. (NCR)
NCR is getting hit hard today, down 21.19% at $23.54. The technology company saw its shares drop after management cut the companies full year guidance. NCR expects full year earnings of $2.60-2.70 per share along with revenue of $6.58 billion to $6.63 billion. Previously, it had projected $3 to $3.10 a share in earnings and $6.75 billion to $6.85 billion in revenue. Management stated that the decline in guidance was due to a weakened retail environment and market conditions. Shares of NCR hit a new 52-week low of $22.83 intraday.