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Why Sears Holding Corp. Stock Popped Today

TheMotleyFool

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Why Sears Holding Corp. Stock Popped Today

Shares of Sears Holding Corp. (NASDAQ: SHLD) were moving higher today after the struggling retailer received a $200 million cash infusion from CEO Eddie Lampert's hedge fund ESL Investments.

As of 12:08 p.m. EDT, the stock was up 5.5% on the news.

Image source: Sears Holdings.

Source: Fool.com