J.C. Penney Stock Drops As Investors Worry About 4Q Comps
J.C. Penney Company, Inc. (NYSE:JCP) released a six line press release saying that it is “pleased with its performance for the holiday period, showing continued progress in its turnaround effort,” but instead of assuring analysts that all is well, the lack of detail has everyone convinced that same store sales (comps) were down in December, even if they are . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible