Stocks Trading Down: Sears Holdings Corp (NASDAQ:SHLD), Salesforce.com, Inc. (NYSE:CRM)

Posted by Chris Bell May 24, 2013 0 Comment 1470 views


Northern, WI 05/24/2013 (GDPInsider) – Sears Holdings Corp (NASDAQ:SHLD) is down 13.49% after starting the day’s trading at 48.86, 9.31 below its previous close of 58.17. The retailer’s sluggish start to the trading came amidst news that the company slumped to a first quarter loss on the back of declining revenues. The range for the day is 47.33 and 50.69 and volume has exploded to 6.373 million shares, an increase of 783.47% on average trading volume of 721.38K.

SHLD also reported a drop in cash reserves as well as a spike in its debt – both bad news for the company who also increase liquidity in 2012. SHLD plans to sell assets as it looks to raise $500 million – mention has been made of potentially selling its warranty business. SHLD is trading 8.95% below its SMA20 and 4.28% below its SMA50. Analysts have set a target price of 33.00 and the stock has a RSI of 38.79 – a figure which pushes it close to oversold levels.

SHLD has 106.39 million shares outstanding and Institutions own 72.06% of the stock. EPS this year is expected to jump 69.87% and EPS Q/Q has risen 79.47%.

Is SHLD a solid investment at these levels? Get exclusive data and trends here.

Salesforce.com, Inc. (NYSE:CRM) started trading today at 42.68, 3.01 down on its previous close of 45.69. The stock is down 8.10% on increased volume activity of 14.060 million, 119.64 more than average volume of 6.401 million. CRM has a range of 41.80 and 43.82 and the stock is trading 11.85% below its 52-week high of 47.58.

CRM beat expectations with its last quarterly revenues figures, however, year-over-year growth has fallen off pace. The 28% year-over-year reported by CRM is its lowest since July 2010 and investors seem to have taken note. CRM did report an increase of 17% on billings growth.

The stock is trading 4.09% below its 20-day simple moving average and 2.37% below its 50-day simple moving average. Analysts have set a target price of 49.12 for the stock and its RSI is standing at 39.45, slightly above oversold territory but far below overbought levels.

How Should Investors Trade CRM Now? Get exclusive insights and updates here.

 

 

Disclosure:

WallStreetAnalyzed.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetAnalyzed.com website, for complete risks and disclosures.

 

 


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

View all post by Chris Bell Visit author's website

Write Your Comment