It's a buy!
Sentiment: Strong Buy
In at 5.08
Cut to neutral from outperform, with 12 mo price target of $5. Too much over-reaction now. Good buying opportunity, IMHO.
Way over reaction.
So, with 10M+ AH volume JCP closed at 9.90. Methinks whatever there is, it is priced in. We shall see what happens tomorrow.
Do not forget JCP stock price dropped throughout the week to compensate for the rumor.