- 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.
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Sears pops after report says its closing in on a deal that could keep it open through the holidays (SHLD)
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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Sears' stock topped out at more than $122 a share in 2007,
- Sears soars 36% — one day after filing for bankruptcy
- Sears files for bankruptcy and plans to close 142 stores as the CEO steps down
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