Fairholme Capital Management L , Director of Sears Holdings Corp. (NASDAQ:SHLD) reportedly Sold 8,700 shares of the company’s stock at an average price of 9.43 for a total transaction amount of $82,041.00 SEC Form
Get ready for the bottom to fall out now
Yes but they also sold off three different times recently... little by little they are dumping it
Sears Holdings Corp. logoSears Holdings Corp. (NASDAQ:SHLD) Director Fairholme Capital Management L sold 8,700 shares of Sears Holdings Corp. stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $9.43, for a total transaction of $82,041.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Fairholme Capital Management L also recently made the following trade(s):
On Friday, December 9th, Fairholme Capital Management L sold 46,200 shares of Sears Holdings Corp. stock. The stock was sold at an average price of $12.30, for a total transaction of $568,260.00.
On Friday, October 7th, Fairholme Capital Management L sold 11,700 shares of Sears Holdings Corp. stock. The stock was sold at an average price of $11.68, for a total transaction of $136,656.00.
Its dropping fast today hit $8.00 back up a little now on way back down
Yes, that tiny amount sold would just reflect redemptions from his fund for the folks who are bailing on Fairholme. Amazing he still has investors.
I believe the sales were sold at the direction of a customer of his, not his own doing. It is also not illegal to make sales disclosed in advance .For example if he gets stock for compensation of sitting on Sears board. If he has an preplanned programmed sale of it publicly disclosed it is ok to do so.