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

Sears filed for bankruptcy last month, saying it would close 142 US stores before year end.
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 exploded by as much as 28%, to a high of $0.47, Wednesday after a report said it is nearing a deal that would keep it op