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Stock Market & Financial Investment News

News Breaks
November 12, 2012
10:16 EDTJCPJ.C. Penney breaks recent lows, levels to watch
The stock is down over 7% today, breaking the lows of last week. At the current price of $19.11, next support is at $19.06, a pivot low from July. The $19 area is support going back three years, and a breakdown below that area would therefore have more bearish price implications. Support below $19 would be at $18.30. Resistance is at $19.52, last week's low.
News For JCP From The Last 14 Days
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July 18, 2014
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter
July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link

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