Sears Holdings (NASDAQ:SHLD) Chief Executive Lou D’Ambrosio to Step Down; Chairman Takes Over as CEO – SHLD, KSS, M, JCP

Sears Holdings Corporation (NASDAQ:SHLD) reported on late Monday that Lou D’Ambrosio is departing from the company as CEO and Chairman Edward Lampert will take over the position as the billionaire hedge fund chief works to restore the retailer.

Hoffman Estates, Illinois-based Sears Holdings reported D’Ambrosio’s sudden quit was for family health matters. The retailer reported in a statement that Edward Lampert will take over at the finish of the company’s fiscal year on Feb 2.

Lampert turns to Sears’s fifth Chief Executive Officer since he merged the retailer and Kmart in March 2005 as the over century-old department-store chain works to emerge from hard times.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Kohl’s Corporation (NYSE:KSS) fell -0.62% to settle at $41.97, Macy’s, Inc. (NYSE:M) moved down -0.76% to end at $37.65 while J.C. Penney Company, Inc. (NYSE:JCP) dropped -3.20% to finish at $19.96 on Monday.

Sears Holdings Corporation (NASDAQ:SHLD) on Jan 04, 2013 increased +1.73% to the closing price of $42.92. The overall volume in the last trading session was 954,874 shares. Its fifty two weeks range was $29.00 – $85.90. The total market capitalization remained at $4.48 billion.

SHLD is ahead of its 52-week low with 48.56% and lagging behind from its 52-week high price with -50.03%. SHLD’s last month’s stock price volatility remained 4.28%. In its share capital SHLD has 106.43 million outstanding shares, among them 81.31 million shares have been floated in market exchange. SHLD’s stock’s institutional ownership remained 70.47% while insider ownership included 24.49%.

The stock price of SHLD is moving forward from its 20 days moving average with 2.01% and remote negatively from 50 days moving average with -13.86%. SHLD’s current quarter performance remained at -23.98%. Company’s beta coefficient included 1.99. Beta factors measure the amount of market risk associated with market trade.

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