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Stock Market & Financial Investment News

News Breaks
November 16, 2012
12:25 EDTJCP, CRMStocks with call strike movement; CRM JCP
RT Options Scanner shows Salesforce.com (CRM) November 160 call option implied volatility increased 7% to 71, J.C. Penney (JCP) February 18 call option implied volatility increased 6% to 61 according to iVolatilty.
News For CRM;JCP From The Last 14 Days
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March 31, 2015
16:33 EDTJCPJPMorgan ups J.C. Penney price target after seeing management
After meetings with J.C. Penney management, JPMorgan raised its price target for the retailer to $10 from $8. The firm says Penny management expressed confidence in the company’s ability to reach its 2017 EBITDA target of $1.2B. JPMorgan notes that management sees "multiple ways" to achieve the target, even if sales do not grow. More near-term, the firm points out its work suggests Penny will post in-line or better Q1 results despite port issues and inconsistent weather. Nevertheless, the firm keeps a Neutral rating on the retailer. Shares of Penny closed the trading day up 58c to $8.41 after Piper Jaffray this morning upped its price target for shares to $14.
06:42 EDTJCPJ.C. Penney Q1 comp estimate, price target raised at Piper Jaffray
Piper Jaffray believes warmer weather versus last year and greater mall traffic from Apple (AAPL) Watch interest will drive positive Q1 momentum for J.C. Penney (JCP). Piper raised its comp estimate for Q1 to up 3% from up 1% and its price target for shares to $14 from $13. The firm keeps an Overweight rating on J.C. Penney.
March 26, 2015
14:41 EDTCRMSalesforce.com volatility at low end of historic range
Salesforce.com April call option implied volatility is at 27, May is at 28, August is at 30; compared to its 26-week average of 33 according to Track Data, suggesting decreasing price movement.
March 20, 2015
11:35 EDTCRMSalesforce.com management to meet with Oppenheimer
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09:01 EDTJCPJ.C. Penney says general counsel Janet Dhillon to leave company
J.C. Penney said in a filing that effective March 20, Janet Dhillon, Executive Vice President, General Counsel and Secretary, is leaving J. C. Penney Company.
March 18, 2015
13:30 EDTJCPJ.C. Penney trades lower after news of executive departures
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