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Stock Market & Financial Investment News

News Breaks
August 12, 2014
10:25 EDTJCPJ.C. Penney August volatility elevated into Q2 and outlook
J.C. Penney August call option implied volatility is at 113, September is at 56, November is at 52, January is at 49; compared to its 26-week average of 60 according to Track Data suggesting large August price movement into the expected release of Q2 results on August 14.
News For JCP From The Last 14 Days
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July 7, 2015
09:42 EDTJCPJ.C. Penney Q2 revenue forecast raised at ITG Research
ITG Research raised J.C. Penney's Q2 revenue forecast to $2.953B from $2.897B, above consensus of $2.862B, based on trends through 1H 2015. The firm's same store sales forecast is +5%-+7% year-over-year, versus consensus of +4%.
June 30, 2015
15:20 EDTJCPMoody's raises J.C. Penney liquidity rating to SGL-1 from SGL-2
Moody's Investors Service revised J.C. Penney's rating outlook to positive from stable. Moody's also affirmed the company's Caa1 Corporate Family Rating, and raised the company's Speculative Grade Liquidity rating to SGL-1 from SGL-2. "The rating outlook revision to positive from stable reflects Moody's view that JC Penney's operating performance has shown signs of improvement as a result of better merchandising, cost controls, and integration of its online business" said Moody's Vice President Scott Tuhy. He added, "we have seen positive momentum building for the company to achieve $700M to $800M of adjusted EBITDA, a level in which earnings would fully cover cash flow and interest". The upgrade in the Speculative Grade Liquidity rating primarily reflects the company's improved operating performance as we expect free cash flow to be near break-even levels and the company's meaningful cash balances are sufficient to cover expected seasonal working capital needs.
June 24, 2015
10:26 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) December 40 call option implied volatility increased 1% to 44, J.C. Penney (JCP) November 20 call option implied volatility decreased 5% to 42 according to IVolatility.

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