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Stock Market & Financial Investment News

News Breaks
January 11, 2013
10:52 EDTJCPJ.C. Penney tumbles after UBS cuts rating to Sell
J.C. Penney (JCP) is sinking after UBS analyst Michale Binetti downgraded the stock to Sell from Neutral and slashed his price target on the shares to $13 from $21 in a note to investors earlier today. The retailer's earnings outlook is deteriorating, and there are signs that its cash flow is reaching distressed levels, the analyst believes. In order to adopt a new turnaround plan that will have credibility with investors, J.C. Penney will have to significantly reduce its profitability in the medium term, Binetti wrote. The retailer's decision to lower its prices on some products in the fourth quarter increases the likelihood that the company's fourth quarter earnings per share will miss expectations, the analyst believes, adding that the Street's profitability estimates for the company will probably decline. In mid-morning trading, J.C. Penney retreated 88c, or 4.60%, to $18.27.
News For JCP From The Last 14 Days
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September 30, 2014
12:08 EDTJCPStocks with call strike movement; JCP EWZ
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11:44 EDTJCPOptions with increasing implied volatility
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September 29, 2014
11:40 EDTJCPOptions with increasing implied volatility
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September 22, 2014
11:38 EDTJCPStocks with call strike movement; JCP TWTR
J.C. Penney (JCP) February 12 call option implied volatility increased 5% to 45, Twitter (TWTR) January 62.5 call option implied volatility increased 4% to 46 according to IVolatility.
September 18, 2014
12:07 EDTJCPStocks with call strike movement; JCP FB
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