Sears Holdings Rumors Boost Ailing Stock, ITW and SEE Follow as S&P 500 Leaders

The S&P 500 (NYSEARCA:SPY) is up today by 0.77% and stands at 1,299.08 Here are three better performing stocks.

Sealed Air Corporation (NYSE:SEE) will seek cost efficiencies as part of its recent $2.9 billion acquisition of Diversey Holdings. The maker of Bubble Wrap and Jiffy envelops didn’t provide further details. Sealed Air expects the reorganization to be complete by the end of 2013. SEE shares recently traded at $18.81, up $0.83, or 4.62%. They have traded in a 52-week range of $15.05 to $28.77. Volume today was 3,601,734 shares versus a 3-month average volume of 2,751,970 shares. The company’s trailing P/E is 13.45, while trailing earnings are $1.40 per share.

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Sears Holdings Corporation (NASDAQ:SHLD): CIT Group (NYSE:CIT) cut off the spigot last week for credit extending to Sears products. However, the stalling retailer is up on rumors it will go private. Sears sits on $4.2B in liquidity and $900M in cash. SHLD shares recently traded at $35.77, up $2.21, or 6.59%. They have traded in a 52-week range of $28.89 to $94.79. Volume today was 4,056,948 shares versus a 3-month average volume of 1,298,820 shares. The company’s trailing earnings are $-3.38 per share.

Illinois Tool Works Inc. (NYSE:ITW) says it has reached an agreement with Relational Investors, which owns 2.1% of ITW’s shares. The deal will allow Relational bigwig David H. Batchedar to join its 2012 annual meeting. Relational has targeted a number of different companies in recent years. ITW shares recently traded at $50.86, up $1.49, or 3.02%. They have traded in a 52-week range of $39.12 to $59.27. Volume today was 3,085,838 shares versus a 3-month average volume of 3,579,750 shares. The company’s trailing P/E is 12.77, while trailing earnings are $3.98 per share.

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