Monday 8:36am CST, and the stock is already at a new 52 week low!!!!
7 replies (most recent on top)
It will never reach $3 again. I've been watching this stock for a long time and it seems whenever it drops a $1 from its amount (i.e. from $4 to $3 dollars) that it never recovers back so I fully believe when it starts crashing into the $1 range...boy oh boy.
Exactly. If the vendors see the stock price drop too far, or get delisted, then even the few willing to take a chance now will exit.
Vendors now determine the fate of SHC. How can anyone sell to them?
Looks like a little dead cat bounce today. Just before close, stock is at $2.57, so not far from opening price. Stock got as high as $2.80 at one point today.
At $1 it will probably get delisted. And that can trigger a call on loans and other financial issues that could push a company teetering on the edge over. hard to say since Eddie holds most loans.
It doesn’t. No one really buys it anyway. It’s not like a drop would cause people to get scared and sell because the people who still have stock in sears know what’s going down.
Does it matter? Eddie and Bruce own most of the stock.