NEW YORK – Wall Street doesn’t seem to like J.C. Penney’s new everyday low pricing any better than Main Street does. The department store chain’s stock plunged nearly 20 percent on Wednesday – the biggest decline in at least four …
You want to get a real sense of how far sentiment has fallen regarding social-media stocks? Tweet this: Facebook shares have been pushed down so far, so fast, that they now cost less than J.C. Penney shares. J.C. Penney shares right …
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 …
Still, trading at about $24, the stock has more than doubled from early last year. Since April 2013, when JC Penney embarked on a turnaround of its turnaround -- former CEO Ron Johnson billed his efforts as a turnaround too, of course …
the stock market experienced its worst week in nine years, and the Winter Olympics kicked off in South Korea with a friendly and historic handshake between South Korean President Moon Jae-in and Kim Yo Jong, the sister of North …
PLANO, Texas — Losses at J.C. Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear as bad as many industry analysts had expected, many …
A number of leading Wall Street firms also lowered their price targets on the company. J.C. Penney shares closed down $6.57 at $26.75 on the New York Stock Exchange. The decline was the worst percentage decline since the company …
Subscribe Today. The fashion director of Marie Claire, “Project Runway” judge and recently named “style voice” for J.C. Penney Co. Inc. sent the retailer’s stock soaring Wednesday afternoon when she tweeted, “I’m @jcpenney’s HQ. …
Billionaire financier George Soros seems to be showing faith in J.C. Penney’s chances at a turnaround, taking a 7.9% stake in the struggling retailer. The hedge fund titan bought nearly 17.4 million shares through his Soros Fund …
J.C. Penney’s stock sale reflects a particular sort of dimness about discounts. The troubled U.S. retailer is struggling to get prices right in its stores and isn’t faring any better in the markets. It is selling over $900 million of shares at $9.65 ...