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J.C. Penney’s stock plummeted to a historic low on May 22 following the announcement that Marvin Ellison would be stepping down as CEO and moving to Lowe’s.
As of 10:30 a.m. ET, the Plano, Texas-based firm's stock was down more than 10% to 65 cents. JCPenney Stock Plummets as Investors Lose Faith in the Retailer’s Turnaround Efforts Skip to main content
Consequently, the price–sales ratio of JCP stock is a mere 0.03. The result is that the market cap of JCP stock is currently a lowly $375 million, even though the company still posts annual ...
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Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an ...
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Additional Sears store closures and the liquidation of Bon-Ton could help J.C. Penney accelerate its sales growth later this year. That would be great news for J.C. Penney stock.
During the second quarter of the year, JC Penney reported losses per share of 38 cents. It was also a blow to JCP stock by coming in well below Wall Street’s losses per share estimate of 6 cents ...