Sears pops after report says its closing in on a deal that could keep it open through the holidays

pulse

November 14, 2018 7:47 PM

Sears jumped as much as 28% Wednesday after a report said it's nearing a deal that could keep it open through holidays.

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On Wednesday, the iconic US retailer said it is nearing a deal to increase its existing financing package to $650 million, allowing the 125-year-old retailer open through the coming holidays, Reuters reported.
Shares soared as much as 28% following the news.
Watch Sears trade live.

Sears' stock topped out at more than $122 a share in 2007,

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