Markets

JC Penney is tumbling as guidance disappoints and cold weather weighs on sales

J CPenney reported disappointing first-quarter results ahead of Thursday’s opening bell. The company blamed cooler temperatures for its sales miss. Shares fell more than 14% in pre-market trading. Watch J.C. Penney trade in real-time here. JCPenney plunged more than 14% in pre-market trading Thursday after reporting first-quarter earnings and guidance […]
JC Penney is tumbling as guidance disappoints and cold weather weighs on sales
Markets

JCPenney Sales Surge In November

Shares of JCPenney are nearly 4% higher in after-hours trading following the release of favourable November same-store sales numbers, which showed a 10.1% increase from last year. Despite a 4.8% drop in same-store sales in Q3, the company said in its quarterly earnings release on November 20 that it believed […]
JCPenney Sales Surge In November
Markets

FINALLY: JC Penney Sales Are Growing Again

Beleaguered department store chain J.C. Penney just announced that its comparable store sales climbed 0.9% in October. “JCPenney has made significant progress in addressing the challenges it faces, and we believe the Company is on the right track to return to long-term profitable growth,” said CEO Mike Ullman. “We are […]
FINALLY: JC Penney Sales Are Growing Again
Markets

JC Penney Is Getting Punished

J.C. Penney is having a terrible day in the market. Wednesday, Goldman Sachs released a report casting serious doubt on the embattled retailer’s ability to finance itself. Then, Thursday, after the closing bell, the company announced a secondary offering of 84 million shares. Today, the stock is down 14%. The […]
JC Penney Is Getting Punished
Markets

ANALYST: JCPenney Desperately Needs A ‘Historic’ Holiday Season

Even if JC Penney is able to raise the $US932 million it’s hoping for in its recent share offering, it still has to have a “historic” holiday season to survive. Why? Because debt. That’s why. Brian Sozzi, CEO & Chief Equities Strategist at Belus Capital Advisors, reminded everyone of this […]
ANALYST: JCPenney Desperately Needs A ‘Historic’ Holiday Season
Markets

JC Penney Announces Massive Share Offering, Stock Tanks

J.C. Penney has begun a public offering of 84 million shares, reports Bloomberg. Shares of the troubled department store chain are down by around 5% following the news. Investors punished the stock on Wednesday after a Goldman Sachs published an extremely bearish report on the company. “In our view, a […]
JC Penney Announces Massive Share Offering, Stock Tanks
Markets

JC Penney Shares Are Out Of Control Today

Shares of J.C. Penney got as high as $US14.39 this morning, up 8.8% from yesterday’s close of $US13,22. Then they fell to as low as $US12.81. And now they’re back above $US14, which means its up by around 6%. Just before 1:00 p.m. ET, CNBC’s David Faber reported that Hayman […]
JC Penney Shares Are Out Of Control Today