J.C. Penney (JCP) Soars: Stock Adds 10.8% in Session
J.C. Penney Company, Inc. JCP was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.87 to $3.40 in the past one-month time frame.
The upside was probably driven by expectations of favorable results from the recently concluded holiday season.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
J.C. Penney currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
J.C. Penney Company, Inc. Holding Company Price
J.C. Penney Company, Inc. Holding Company Price | J.C. Penney Company, Inc. Holding Company Quote
Investors interested in the Retail - Regional Department Stores industry may consider Dillard's, Inc. DDS, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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