|February 27, 2014|
|06:26 EDT||JCP||J.C. Penney liquidity concerns 'largely off the table,' says Piper Jaffray|
Piper Jaffray believes J.C. Penney management largely addressed liquidity and cash burn concerns on the Q4 earnings call. Piper notes management indicated that they are on a trajectory towards positive free cash flow. The firm believes the retailer's positive sales trends are likely to continue into spring and it keeps an Overweight rating on the stock with an $11 price target.
News For JCP From The Last 14 Days
Check below for free stories on JCP the last two weeks.
|July 18, 2014|
|10:40 EDT||JCP||J.C. Penney call active on renewed takeover chatter |
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|10:28 EDT||JCP||Rumor: J.C. Penney moves up on renewed takeover chatter|
|July 13, 2014|
|15:18 EDT||JCP||J.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
|July 9, 2014|
|12:05 EDT||JCP||Stocks with call strike movement; JCP DDD|
3D Systems (DDD) November 65 call option implied volatility decreased 2% to 47, J.C. Penney (JCP) November 11 call option implied volatility decreased 5% to 47 according to IVolatility.