Sears Holdings Short Squeeze Leads These S&P 500 Stocks Higher
The S&P 500 (NYSEARCA:SPY) is down by 0.20% today and stands at 1,312. Here are three notable stocks that are experiencing large gains today.
Sears Holdings Corporation (NASDAQ:SHLD): The performance of this stock has been remarkable: up 69% year to date, the stock jumped by 8% before coming down close to where it started at the beginning of trading. Some believe Sears is now in a classic short squeeze. SHLD shares recently traded at $47.66, down $1.34, or 2.73%. They have traded in a 52-week range of $28.89 to $94.79. Volume today was 7,113,042 shares versus a 3-month average volume of 1,590,180 shares. The company’s trailing earnings are $-3.38 per share.
Southwestern Energy Co. (NYSE:SWN) popped along with other natural gas producers because the spike of prices and Chesapeake’s planned cuts in production. SWN shares recently traded at $32.40, up $2.97, or 10.09%. They have traded in a 52-week range of $28.37 to $49.25. Volume today was 12,179,453 shares versus a 3-month average volume of 4,668,640 shares. The company’s trailing P/E is 18.00, while trailing earnings are $1.80 per share.
Chesapeake Energy Corporation (NYSE:CHK): After sinking overnight to $2.20, natural gas futures jumped 6.4% in a matter of minutes. Apparently there were too many short-sellers in the natural gas market, and the market has taken care of them for the time being. CHK shares recently traded at $22.28, up $1.32, or 6.3%. They have traded in a 52-week range of $20.41 to $35.95. Volume today was 25,508,445 shares versus a 3-month average volume of 13,226,000 shares. The company’s trailing P/E is 11.21, while trailing earnings are $1.99 per share.
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