Sears stock plunges 25% as it nears possible bankruptcy

Shares of Sears Holdings (SHLD) plummeted on Wednesday on reports that the struggling retailer is expected to file for Chapter 11 Bankruptcy Protection in a few days. Wall Street Journal reported that the company had hired investment and advisory firm M-III Partners to prepare a bankruptcy filing. The stock nosedived more than 25% before the … Continue reading Sears stock plunges 25% as it nears possible bankruptcy