Just pennies above being regarded as a penny stock. It might bounce back a bit, of course, and the penny-rating is partially psychological. Of course, many or most mutual funds won't own penny stocks, but there probably aren't many that hold SHLD.
Department stores are taking it on the chin, right now. And things aren't looking great for this retailer.
Once it drops below $5 its considered a penny stock, so look out for that. Eddie will not allow that to happen he will buy and trade between his own companies to keep it up
Once the stock price has stayed below $1 for an extended period of time, it'll then be delisted from the major stock exchanges. At that point, the likelihood of the company going out of business increases quite a bit due to merchandising companies either stopping or severely cutting back on deliveries with increased demands such as shorter credit periods or COD!!
Still not a good sign for its future.
The company stock price is proof of sentiment and supply / demand. Has little else to do with reality.
Yeah it's the real beginning of the end for this company and the stock is proof of that.