Insider Trading Review: Sears (SHLD)

Sears Holdings Corp (NASDAQ:SHLD) insider has recently participated in insider trading activity. 10% Owner, BERKOWITZ BRUCE R bought 19,900 shares for $308,450 via one transaction Feb 16. Following the transaction, the insider now owns 28,003,548 shares in total, priced at $505464041.4 as of Wednesday. Another notable insider trading was done by the same insider on Feb 12. BERKOWITZ BRUCE R sold 7,300 shares at an average price of $15.48 for a total of $113,004. Moreover, this insider carried out a sale of 16,600 shares at $15.00 each on Feb 11. The transaction amounted to $249,000. The insider also bought 50,000 shares for $755,000 through one transaction 755,000.

The stock has experienced a total of 67 insider trades in the past three months. These trades include 16 sell activities and 51 buy trades. Furthermore, over the past 12 months, the stock was traded 155 times by insiders. In 46 of these trades, the insider was a seller while an employee of the company was the buyer in just 109 instances.

On February 9, 2016, Sears Holdings Corp (SHLD) is providing an update on our fourth quarter performance, financial position and actions intended to enhance our liquidity and business operations.

Estimated Fourth Quarter Performance

We entered the holiday selling season with key product offerings and promotions intended to build engagement with our members and provide them with the best experience possible. The holiday selling season proved to be challenging, with historically warm weather and intense competition pressuring margins and driving comparable store sales declines, particularly in our apparel and related softlines businesses.

We expect total revenues of $7.3 billion and $25.1 billion for the fourth quarter and full-year of 2015, respectively. We expect that our fourth quarter Adjusted EBITDA, excluding Seritage and joint venture rents, will range between $(100) million and $(50) million, compared to Adjusted EBITDA of $125 million in the fourth quarter of 2014. We have provided a reconciliation of Adjusted EBITDA, a non-GAAP financial measure, to net loss attributable to Holdings’ shareholders.

Sears Holdings Corporation operates as a retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies. It provides merchandise under the Jaclyn Smith, Joe Boxer, and Alphaline labels; Sears brand products, such as Kenmore, Craftsman, and DieHard; and Kenmore-branded products.