Price Action to Note: J C Penney Company Inc Declines Again; Strong Momentum for Sellers

Price Action to Note: J C Penney Company Inc Declines Again; Strong Momentum for Sellers

The stock of J C Penney Company Inc (NYSE:JCP) is a huge mover today! About 20.67M shares traded hands or 26.89% up from the average. J C Penney Company Inc (NYSE:JCP) has declined 5.37% since April 13, 2016 and is downtrending. It has underperformed by 9.29% the S&P500.
The move comes after 7 months negative chart setup for the $2.92 billion company. It was reported on Nov, 15 by We have $8.32 PT which if reached, will make NYSE:JCP worth $262.80 million less.

J C Penney Company Inc (NYSE:JCP) Ratings Coverage

Out of 21 analysts covering J.C. Penney Company (NYSE:JCP), 8 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 38% are positive. J.C. Penney Company has been the topic of 30 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Miller Tabak maintained the stock with “Buy” rating in Monday, May 23 report. The company was maintained on Thursday, August 18 by Morgan Stanley. The firm earned “Buy” rating on Monday, August 17 by B. Riley & Co. The firm has “Neutral” rating given on Tuesday, January 5 by Citigroup. The stock of J C Penney Company Inc (NYSE:JCP) earned “Hold” rating by Jefferies on Tuesday, May 10. The firm has “Neutral” rating given on Monday, May 16 by Citigroup. The stock has “Buy” rating given by Deutsche Bank on Monday, August 31. Imperial Capital maintained the shares of JCP in a report on Thursday, August 27 with “Underperform” rating. The company was upgraded on Monday, April 4 by Northcoast. The firm earned “Sell” rating on Monday, May 16 by UBS.

According to Zacks Investment Research, “JCPenney is one of America’s leading retailers, operating department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet,, and the nation’s largest general merchandise catalog business. Through these integrated channels, JCPenney offers a wide array of national, private and exclusive brands.”

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.30, from 0.91 in 2016Q1. The ratio is positive, as 66 funds sold all J C Penney Company Inc shares owned while 61 reduced positions. 44 funds bought stakes while 110 increased positions. They now own 266.33 million shares or 7.88% more from 246.88 million shares in 2016Q1.
Voya Ltd holds 101,006 shares or 0% of its portfolio. Davenport & Ltd Limited Liability Company has invested 0% of its portfolio in J C Penney Company Inc (NYSE:JCP). Gam Holdg Ag accumulated 0.01% or 50,000 shares. Whittier Trust last reported 0% of its portfolio in the stock. Cambridge Advisors Incorporated holds 0% or 10,960 shares in its portfolio. Phocas Fincl Corporation holds 868,471 shares or 0.56% of its portfolio. Invesco Ltd holds 3.50M shares or 0.01% of its portfolio. Point72 Asia (Hong Kong) Ltd has invested 0.36% of its portfolio in J C Penney Company Inc (NYSE:JCP). Ogorek Anthony Joseph Ny Adv has 0% invested in the company for 90 shares. Mycio Wealth Prns Limited Liability Co last reported 0.01% of its portfolio in the stock. State Street has 0.01% invested in the company for 8.34 million shares. Old Mutual Global Investors (Uk) Limited owns 986,531 shares or 0.16% of their US portfolio. Bnp Paribas Arbitrage last reported 236,205 shares in the company. Aperio Gp Limited Liability Corp reported 33,343 shares or 0% of all its holdings. Blackrock Grp owns 332,421 shares or 0% of their US portfolio.

More notable recent J C Penney Company Inc (NYSE:JCP) news were published by: which released: “JC Penney Company, Inc. Earnings: Sales Growth Stalls Again” on November 11, 2016, also with their article: “J.C. Penney: Positive Outlook Remains Despite Challenging Quarter” published on November 15, 2016, published: “J C Penney Company Inc (JCP) Earnings Will Surprise You” on November 10, 2016. More interesting news about J C Penney Company Inc (NYSE:JCP) were released by: and their article: “BRIEF-JC Penney Company Inc reports Q3 adj shr loss of 21 cents” published on November 11, 2016 as well as‘s news article titled: “Earnings Preview: Michael Kors Holdings Ltd (KORS) and J C Penney Company Inc …” with publication date: November 10, 2016.

JCP Company Profile

J. C. Penney Company, Inc. (JCPenney), incorporated on January 22, 2002, is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company’s business consists of selling merchandise and services to clients through its department stores and its Website at, which utilizes optimized applications for desktop, mobile and tablet devices. The Company’s department stores and Website serves the same type of customers, its Website offers virtually the same mix of merchandise as its in store assortment along with other extended categories that are not offered in store, and its department stores accept returns from sales made in stores and through its Website. The Company’s online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up. The Firm sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings.

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