|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.45 - 3.62|
|52 Week Range||3.45 - 10.74|
|PE Ratio (TTM)||-10.00|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
J.C. Penney Co. Inc.’s stock value continues to slide to historic lows a week after the company released disappointing second quarter earnings. According to USA Today , that marks J.C. Penney’s worst trading session since a five-day period in March 2013, during which the stock nosedived 31.8 percent. The retailer reported Q2 sales of $2.96 billion, exceeding Wall Street forecasts of $2.84 billion, but also logged a net loss of $62 million, or 20 cents per share, double what Standard & Poor analysts were expecting.
Ellison's new acquisition comes as the retailer has sunk over 9.5% this week alone.
Rating Action: Moody's Affirms Eight and Downgrades Two Classes of UBSCM 2012- C1. Global Credit Research- 18 Aug 2017. Approximately $1.087 Billion of Structured Securities Affected.