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HD - Sears Hometown Investors Should Sell Before It's Too Late
Home Depot Inc.
Sears Hometown and Outlet Stores(NASDAQ: SHOS) stock crashed in late 2018, as the bankruptcy of former parent Sears Holdings threatened to undermine the spinoff's business. Yet the stock has rebounded this year, despite plunging sales, due to the company's plans to sell itself.
In fact, shares of Sears Hometown and Outlet Stores have roughly doubled since early April, ending last week at $3.75. That's higher than the price at which the company has agreed to sell itself to the new owner of Sears and Kmart.