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Stock Market & Financial Investment News

News Breaks
February 4, 2013
17:22 EDTJCPJ.C. Penney says notice of default from bondholders is invalid, without merit
J. C. Penney Company announced that it received a letter dated January 29, 2013 from Brown Rudnick LLP claiming to represent holders of more than 50% of the company's 7.4% debentures due 2037. The letter purports to be a notice of default under the indenture for these debentures dated April 1, 1994 between J. C. Penney and U. S. Bank National Association as trustee. The company strongly believes the notice of default is invalid and utterly without merit. The company today filed an action for injunctive and declaratory relief in support of its position in the Court of Chancery of the State of Delaware. The action seeks an order enjoining the trustee from declaring an event of default as well as an order declaring that the company is not in default of the Indenture governing the debentures. Ken Hannah, CFO, said, "We believe this notice of default is invalid, completely without merit and is intended to create self-interested trading opportunities in the market, and we will therefore vigorously defend the interests of jcpenney and all of our constituencies in all appropriate forums."
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September 15, 2014
11:51 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) November 57.50 call option implied volatility increased 4% to 54, J.C. Penney (JCP) October 12 call option implied volatility increased 8% to 52 according to IVolatility.
September 12, 2014
07:44 EDTJCPJ.C. Penney volatility low into company hosted analyst day
J.C. Penney September call option implied volatility is at 40, October is at 42, November is at 45, January and February is at 41; compared to its 26-week average of 53 according to Track Data suggesting decreasing price movement into a company hosted analyst day event on October 8.
September 10, 2014
11:43 EDTJCPLand's End soars after better than expected Q2 results
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September 9, 2014
07:16 EDTJCPSterne Agee to hold a field trip
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September 8, 2014
11:15 EDTJCPJ.C. Penney volatility at 27-month low
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