What happened
Shares of Sears Holdings Inc. (SHLDQ) were up 12% as of 12:30 p.m. EDT, continuing yesterday's climb after news that several large shareholders had bought the ailing retailer's stock.
So what
Now what
In the end, these big repeated buys make it apparent that Sears' largest shareholders don't believe last week's drop was justified. And the market is obviously taking them as encouraging votes of confidence in Sears' future.