J.C. Penney Company Holding Company (NYSE:JCP) has climbed 3.41% in the past week and advanced 9.56% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.66% and the outperformance has advanced to 8.56% for the last 4 weeks period.
J.C. Penney Company Holding Company (NYSE:JCP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.26 and $8.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.48, notching a gain of 2.66% for the day. The total traded volume was 9,721,542 . The stock had closed at $8.26 on the previous day.
The company shares have dropped -0.24% from its 1 Year high price. On Mar 8, 2016, the shares registered one year high at $11.99 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.22 and the 200 Day Moving Average price is recorded at $8.53.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of J C Penney Co Inc, Tysoe Ronald W, had purchased 25,000 shares in a transaction dated on May 17, 2016. The transaction was executed at $7.24 per share with total amount equaling $181,000.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Morgan Stanley maintains its rating on J.C. Penney Company Holding Company (NYSE:JCP).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, Morgan Stanley lowers the new price target from $8 per share to $7.5 per share. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 1.28% of J.C. Penney Company Holding Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 57.51% . Institutional Investors own 82.22% of J.C. Penney Company Holding Company shares. During last six month period, the net percent change held by insiders has seen a change of 3%.
J. C. Penney Company, Inc. (JCPenney) is a holding company. The Companys operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Companys business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices. The Companys 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 Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. The Companys department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating.