Wall Street ratings agencies set the tone for today's stock market. Active Network (NYSE ... company to Market Perform from Outperform mainly due to valuation concerns. JC Penney Company, Inc. (NYSE:JCP): The plunging retailer, …
J.C. Penney’s stock sale reflects a particular sort of dimness about discounts. The troubled U.S. retailer is struggling to get prices right in its stores and isn’t faring any better in the markets. It is selling over $900 million of shares at $9.65 ...
Subscribe Today. The fashion director of Marie Claire, “Project Runway” judge and recently named “style voice” for J.C. Penney Co. Inc. sent the retailer’s stock soaring Wednesday afternoon when she tweeted, “I’m @jcpenney’s HQ. …
Nina Garcia and her Twitter account are making moves for JCPenney! Marie Claire's fashion director was recently named the retailer's Style Voice curator, and now she's making JCP's stock soar in less than 140 characters. Nina tweeted: …
Billionaire financier George Soros seems to be showing faith in J.C. Penney’s chances at a turnaround, taking a 7.9% stake in the struggling retailer. The hedge fund titan bought nearly 17.4 million shares through his Soros Fund …
Related Link: JCPenney Stock Is Now A Better Bet Than Its Competitors Despite strong same-store sales results for 4Q Binetti believes that there could be meaningful risks to the company's turnaround story, including weak mall traffic, …
Asian and European stock markets were all up overnight as well, and a positive holiday sales report from retailer J.C. Penney Thursday morning boosted shares …
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 …
A number of leading Wall Street firms also lowered their price targets on the company. J.C. Penney shares closed down $6.57 at $26.75 on the New York Stock Exchange. The decline was the worst percentage decline since the company …
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does. The department store chain's stock plunged nearly 20 percent on Wednesday -- the biggest decline since the 1987 market …