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 …
Personally speaking, J C Penney Company Inc (NYSE:JCP) is a painful lesson in market timing: You can have the right argument and still lose the debate. Several years ago, I bought put options against the retailer, assuming that the JCP
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 …
These grim numbers all indicate that J.C. Penney's turnaround has run out of steam, but value investors might think that the stock is now too cheap to ignore. Let's take a closer look at the bearish and bullish takes on J.C. Penney to see if …
J. C. Penney Company, Inc. JCP reported second-quarter fiscal 2017 adjusted loss per share of 9 cents, wider than the Zacks Consensus Estimate of a loss of 6 cents. In the year-ago quarter, the company had reported loss of 5 cents. …
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Despite the stock collapse, Ellison has made slow but steady progress in turning the company’s fortunes around, even eking out a profit of $1 million in fiscal 2017. But losses have resumed since last Christmas, malls are in worse shape …
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 …
[See: 9 Ways to Spot Value Trap Stocks.] But the biggest reason why JCP stock traded higher by nearly 15 percent on Friday morning is a surprise 1.7 percent increase in same-store sales, much better than consensus forecasts of only …
J.C. Penney expects comparable-store sales to grow by 0.6% to 0.8% during the third quarter, thanks to growing appliance sales and e-commerce growth. Unfortunately for investors, the good news ends there. J.C. Penney expects …
J C Penney Company Inc. (NYSE:JCP) has been in a slump for the past 5 years. The department store found itself caught in the retail apocalypse along side most of its peers as Amazon.com Inc. (NASDAQ:AMZN) transformed the industry …