The stock's bouncing around $7.30. Here's why it's taking a beating: Last month, JC Penney announced a public offering of 84 million shares at $9.65. Why do you do that? To raise cash. However, on an investor conference call in August, JC …
J.C. Penney Company, Inc. (NYSE:JCP) is raising as much as $932 million from selling equity. The embattled department store chain is offering 84 million shares of its common stock to the public for $9.65 per share. According to J.C. …
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 …
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. …
(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 price. …
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 November …
There is a growing school of thought that J.C. Penney Co. Inc. (NYSE: JCP) has started to walk out of the deep woods of retail oblivion in which it has lived for the better part of three years. Several analysts say they have data that show sales …
(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, …
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 …
J.C. Penney Co. Inc. (NYSE: JCP) shares have not traded recently like those of a retailer that had a good holiday sales period. In fact, a sell-off of the stock indicates that the brief renaissance of the company’s fortunes is over. J.C. Penny …