Sears, which was at one point America's largest retailer and its largest employer, appears to be near bankruptcy.
One of Sears' major shareholders just dumped a chunk of his stock for pennies on his original investment.
Sears stock also plunged 30 percent in pre-market trading on Wednesday.
If Sears does file for bankruptcy, it could try to stay in business, using the court process to shed debt and expensive leases.
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