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Shares of Kmart Holding Corp. closed above $100 for the first time Thursday, marking a new milestone in the stock's rapid rise.

Shares of Kmart rose $3.01, or 3 percent, Thursday to close at $102.10 on the Nasdaq Stock Market.

Kmart stock has climbed from $15 a share since the company emerged from bankruptcy on May 6, 2003.

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