JCPenney slashed third-quarter profit forecasts amid an effort to liquidate less-popular products from its stores. The lowered guidance spurred a stock price plunge that reached as much as 25%. JCPenney just keeps sliding into the …
J C Penney Company Inc (NYSE: JCP) stock crashed more than 17 percent Friday to its lowest level since the 1980s after the company issued deep cuts to its 2017 guidance ahead of the critical holiday shopping season. The latest cut …
Now, as retailers scramble to beef up their online presence and create shopping ‘experiences’ that will draw in foot traffic, investors have to choose wisely if they’re going to take a chance on the beaten down sector. JCP stock is down more …
Such speculation is irrelevant at this point, of course. JCP stock is taking a 4% hit today on the heels of a Q1 report that gave shareholders more reason to panic than party. While JCPenney remains optimistic, the market is concerned last …
Investors cannot seem to get enough J.C. Penney Co. Inc. (NYSE: JCP) stock Wednesday morning. The company reported what can only be called awful results, missing on both earnings per share and revenues. But there was plenty …
As the chart below shows, the stock had gained nearly 30% earlier in the month following the holiday sales report, but gave up some of those gains toward the end of January. The department store chain started off the month flying higher on …
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Stock in J.C. Penney Company, Inc. (NYSE:JCP) lost more than 11% on today’s market after a new report form Goldman Sachs Group Inc (NYSE:GS) on the company’s credit spelled out a less than utopian future for the retailer. Hedge fund …
After hours on Thursday, shares rose more than 10%. Despite the jump, we’re not ready to buy JCP stock. With an earnings per share (EPS) loss of $0.75 and $2.8 billion in revenue, J.C. Penney Company Inc. beat Thomson Reuters …
(Reuters) - A JC Penney Co (JCP.N) 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, …