Why J.C. Penney Company, Inc. Stock Soared

27FebFebruary 27, 2014

Why J.C. Penney Company, Inc. Stock Soared

J.C. Penney Company, Inc. (NYSE:JCP) reported a smaller than expected loss, sending the stock higher by over 15% in early trading.

Lower than anticipated loss
The mass-market retailer reported a loss of $0.68 per share on $3.78 billion in revenue. Wall Street had projected $0.85 loss per share on slightly higher revenue, expected at $3.85 billion. A note of concern in . . .

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Author

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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