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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:19 EDTJCPJ.C. Penney falls after analyst puts $10 target on shares
J.C. Penney (JCP) is retreating after Maxim Group analyst Rick Snyder initiated coverage of the stock with a Sell rating in a note to investors earlier today. The retailer will "virtually" run out of cash by the end of fiscal 2013, estimated the analyst, who set a $10 price target on the shares. However, the company does have a few hundred million dollars of assets it can monetize to stay afloat longer, he added. Meanwhile, some investors believe that J.C. Penney's real estate holdings are worth $200-$250 per square foot, when they're actually likely to fetch less than $100 per square foot on the open market, Snyder estimates. Furthermore, the retailer will face several new challenges if it abandons its "every day low value" concept and starts offering traditional promotions, he believes. In mid-morning trading, J.C. Penney fell 41c, or 2%, to $19.40.
News For JCP From The Last 14 Days
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December 19, 2014
09:37 EDTJCPActive equity options trading
Active equity options trading according to Track Data: AAPL TSLA BBRY AMZN CELG GILD JCP AMAT FB
December 15, 2014
09:38 EDTJCPActive equity options trading
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December 5, 2014
11:04 EDTJCPStocks with call strike movement; JCP UNG
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05:55 EDTJCPStocks with implied volatility movement; UTX JCP
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