The stock's bouncing around $7.30. Here's why it's taking a beating: Last month, JC Penney announced a public offering of 84 million shares at $9.65. Why do you do that? To raise cash. However, on an investor conference call in August, JC …
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 …
Q: Would now be a good time to consider buying J.C. Penney jcp? I've wanted to own the stock for some time, and it's much cheaper than it was a year ago. A: If there's a stock you've been eyeing, now's a good time to consider buying. …
(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 price. …
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 November …
PLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP) announced today that it made a voluntary contribution of JCPenney common stock to the J. C. Penney Corporation, Inc. Pension Plan (“Plan”). The contribution …
J. C. Penney Company, Inc. ( JCP), under a regulatory filing, declared last Friday that Chief Executive Officer (CEO) Mike Ullman has invested nearly $1 million in the company's stock. Ullman bought 112,000 shares of J. C. Penney at $8.95 …
(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, …
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 …
(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 …