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On December 26, the stock price of JCPenney (NYSE: JCP) fell below $1 per share. This was the first time shares fell below $1 ever in the 110-year history of the company, which started trading on the New York Stock Exchange in 1929. The stock fell 68% over the course of 2018, including a 30% drop in December 2018 alone. [63]
The ugly stick is being taken to dying department store J.C. Penney's stock price.
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
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.
Consider that JCP has become a penny stock, with JCP stock price today hovering around $1.05. The result is that the market cap of JCP stock is currently a lowly $375 million, even though the ...
It was also a blow to JCP stock by coming in well below Wall Street’s losses per share estimate of 6 cents for the quarter. Net loss reported by JC Penney for the second quarter of 2018 was $101 ...
It's tempting to try and wait it out. Give J. C. Penney Company (NYSE:JCP) enough time, it will win by attrition. Sears Holdings (OTCMKTS:SHLDQ) is on it last leg, and Amazon.com (NASDAQ:AMZN) can ...
JCPenney stock plummeted nearly 8 percent Monday morning after a UBS note sent out to clients noted the company has a "tough path forward."