J. C. Penney (JCP) is Upgraded by Citigroup to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Sell on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.
J. C. Penney Company, Inc. has dropped 28.16% during the last 3-month period . Year-to-Date the stock performance stands at 2.78%.The company shares have rallied 7.63% from its 1 Year high price. On Oct 5, 2015, the shares registered one year high at $10.09 and the one year low was seen on Jan 5, 2015. The 50-Day Moving Average price is $7.53 and the 200 Day Moving Average price is recorded at $8.61.
J.C. Penney Company, Inc. Holding Company (NYSE:JCP) has lost 4.31% during the past week and dropped 17.37% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.51%. J.C. Penney Company, Inc. Holding Company (NYSE:JCP) has underperformed the index by 15.44% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) ended Thursday session in red amid volatile trading. The shares closed down 0.11 points or 1.62% at $6.66 with 8,829,563 shares getting traded. Post opening the session at $6.75, the shares hit an intraday low of $6.65 and an intraday high of $6.87 and the price vacillated in this range throughout the day. The company has a market cap of $2,038 million and the number of outstanding shares have been calculated to be 306,004,010 shares. The 52-week high of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) is $10.09 and the 52-week low is $6.19.
Currently the company Insiders own 0.81% of J.C. Penney Company, Inc. Holding Company shares according to the proxy statements. Institutional Investors own 79.38% of J.C. Penney Company, Inc. Holding Company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (EVP, HR) of J C Penney Co Inc, Evanson Brynn sold 6,761 shares at $8.44 on May 15, 2015. The Insider selling transaction had a total value worth of $57,063. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Companys business consists of selling merchandise and services to consumers through its department stores and through its Internet Website at jcp.com. As of February 2, 2013, the Company operated 1,104 department stores throughout the continental United States, Alaska and Puerto Rico, of which 429 were owned, including 123 stores located on ground leases. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside jcpenney and home furnishings. In addition, the Companys department stores provide its customers with services such as styling salon, optical, portrait photography and custom decorating.