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J. C. Penney Company, Inc. Message Board

  • hzhan1 hzhan1 May 25, 2014 8:57 PM Flag

    Alert: the street is setting up, maybe have set up a short squeeze


    J.C. Penney Co. (NYSE: JCP) has been mentioned a few times on the “Buy upside” from analysts, but now the “big upside call” is really from a short-seller take this last week. Wells Fargo downgraded the struggling department store chain to Underperform from Market Perform and the price range was cut to $5 to $6 from $6 to $7. Keep in mind that shares were above $9 at the time, meaning that there was a 50% opportunity here if the analyst was right. Shares were trading at $8.76 in mid-Friday trading.

7.25-0.05(-0.68%)Oct 17 4:02 PMEDT

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