Shares of J.C. Penney (NYSE: JCP) rallied in early 2018 thanks to an improving retail climate and the company's strong holiday performance. Indeed, J.C. Penney's comp sales rose 3.4% in the combined November-December holiday …
J.C. Penney Co., lifted by a big tax benefit, positive sales trends and expense controls, saw its fourth-quarter net income rise to $254 million, or 81 cents per share, compared to net income of $192 million, or 61 cents per share in the same …
J.C. Penney's stock price has been decimated, losing over $2 billion in market cap and plunging by ~66% in the last 12 months alone. This is due to growing negative sentiments. These sentiments emanate from a misalignment between …
Another day, another big retailer in a world of pain. JCPenney revealed on Friday it lost more money than feared. The bleak news sent its stock plunging more than 15% and below $4 a share for the first time ever. Yup. JCPenney is now a …
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 is issuing a weak profit forecast as it accelerated its move to slash prices on goods to clear out inventory. Shares are tumbling more than 25 percent in premarket trading, Friday, Oct. 27, 2017. J.C. Penney is issuing a weak …
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 …
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 …
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 …