When a stock is paying an extraordinarily high dividend yield combined ... have traded cheaply due to the outsized exposure to troubled retailers like Sears and …
(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, …
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 …
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 …
(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 …
J.C. Penney Co Inc's decision to shore up its cash reserves by issuing almost $1 billion in new shares sent its stock tumbling more than 13 percent Friday. Earlier in the day, the struggling U.S. department store chain had cut its …
Shares of J.C. Penney Company, Inc. (NYSE: JCP) rose last month as the department store chain got a boost from a strong holiday sales report. According to data from S&P Global Market Intelligence, shares finished January up 17%. …
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 …