Eye Catching Active Stocks: Sears Holdings (NASDAQ:SHLD), Iron Mountain (NYSE:IRM)

Sears Holdings Corporation (NASDAQ:SHLD) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.78% to close at $9.16 with the total traded volume of 310928 shares. Sears Holdings Corp. (SHLD) reported it has obtained a secured standby letter of credit facility which provides the company with additional liquidity to fund its operations.

The facility is being provided by JPP, LLC and JPP II, LLC, which are affiliates of ESL Investments, with Citibank, N.A. serving as administrative agent and issuing bank.Sears Holdings said the facility will allow it to request standby letters of credit in an initial amount of up to $200 million and may be expanded at the request of the company and with the consent of the lenders under the facility by up to an additional $300 million. The firm has institutional ownership of 67.40%, while insider ownership included 29.20%. Its price to sales ratio ended at 0.04. SHLD attains analyst recommendation of 4.00 with week’s performance of -9.00%.

Iron Mountain Incorporated (NYSE:IRM) [Trend Analysis] surged reacts as active mover, shares an advance 0.93% to trade at $32.68 and the percentage gap between open changing to regular change was 0.22%. Iron Mountain Incorporated (IRM) has received requisite approval from the U.S. Department of Justice (DOJ) and the Canadian Competition Bureau (CCB) to sell certain legacy Recall assets in Seattle and Atlanta and to sell certain legacy Recall and legacy Iron Mountain assets in Canada.

All of the assets will be sold to Summit Park, a Charlotte-based private equity firm, for a total consideration of $50 million, subject to adjustments. The records management provider comprised of the assets will be named Arkive. The transaction is expected to close by the end of the year.

As disclosed on March 31, 2016, the DOJ and CCB approvals of the Recall acquisition were contingent upon Iron Mountain’s contract to divest certain legacy Recall assets in the U.S. and legacy Recall and Iron Mountain assets in Canada. The firm’s current ratio calculated as 1.40 for the most recent quarter. The firm past twelve months price to sales ratio was 2.55 and price to cash ratio remained 18.55. As far as the returns are concern, the return on equity was recorded as 4.60% and return on investment was 8.60% while its return on asset stayed at 0.80%. The firm has total debt to equity ratio measured as 3.04.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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