The graph showing J.C. Penney Company Inc.’s (NYSE:JCP) stock price on Thursday dipped and peaked like a heart monitor mid-cardiac arrest. Bruised from months of blistering criticism about its future – the financial press had all but …
(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 …
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 …
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 …
(Reuters) - Shares of J.C. Penney Co Inc (JCP.N) jumped almost 10 percent briefly on Wednesday after a well-known fashion editor sent a glowing message about the department store’s revamp under chief executive Ron Johnson on …
(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.'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 …