Why Sears Soared Today and Best Buy, Lowe's, and Home Depot Fell
Shares of Sears Holding Corp. (NASDAQ: SHLD) were surging today after the retailer made a deal with Amazon.com (NASDAQ: AMZN) to sell Alexa-enabled appliances including the Kenmore brand on Amazon.
As a result, Sears stock jumped 15.2% as of 11:43 a.m. EDT, while the news weighed on several rivals. Best Buy (NYSE: BBY) stock was down 3.9% after falling as much as 5.7%. Lowe's Companies (NYSE: LOW) was down 6.3%, and Home Depot (NYSE: HD) was off 4.5%, after dropping 5% earlier in the session. Amazon stock barely moved, rising 0.3% on the news.
Image source: Sears Holding.
Source: Fool.com
Home Depot Inc. Stock
€314.70
-0.050%
With 39 Buy predictions and 3 Sell predictions Home Depot Inc. is one of the favorites of our community.
With a target price of 354 € there is a slightly positive potential of 12.49% for Home Depot Inc. compared to the current price of 314.7 €.
