JCPenney’s stock plunged more than 17 percent after it slashed its financial forecasts, citing slower-than-expected sales in the crucial back-to-school period. The struggling department store said Friday it got forced into a fire sale to clear …
Penney’s stock closed down 1.4% to $13.17. Since Ackman’s announcement, volumes of J.C. Penney stock being borrowed to sell it short has climbed to the highest level on record as tracked by SunGard’s Astec Analytics, which …
Q: Would now be a good time to consider buying J.C. Penney jcp? I've wanted to own the stock for some time, and it's much cheaper than it was a year ago. A: If there's a stock you've been eyeing, now's a good time to consider buying. …
J.C. Penney Co.'s depressed stock regained some ground Tuesday after the company said it was “making solid progress in its turnaround.” In a self-issued report card, the department store chain said it anticipates that it will have more than …
In other words, more cost-cutting could be ahead. 10 stocks we like better than J.C. Penney When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, …
Last week, JC Penney announced a 25 percent drop in sales and ditched superstar CEO Ron Johnson. Indeed, things at JC Penney are bad. The discount retailer's stock price is down 50 percent from when Johnson took the job in …
PLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP) announced today that it made a voluntary contribution of JCPenney common stock to the J. C. Penney Corporation, Inc. Pension Plan (“Plan”). The contribution …
(Reuters) - A JC Penney Co (JCP.N) shareholder on Tuesday sued the struggling retailer over its surprise decision to issue more than $810 million (500 million pounds) of stock to shore up liquidity, which led to a steep drop in its share …
(Reuters) - A JC Penney Co shareholder on Tuesday sued the struggling retailer over its surprise decision to issue more than $810 million of stock to shore up liquidity, which led to a steep drop in its share price. The plaintiff, Alan Marcus, …
J.C. Penney Co. shares tumbled the most since they began trading in 1980, hurt by deeper losses and a sense among investors that department stores are stuck in an intractable slide. The rout followed a warning by the company that a …