J.C. Penney Company Holding Company (JCP) has risen sharply, recording gains of 12.02% in the past 4 weeks. However, the stock has corrected -2.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
J. C. Penney Company, Inc. is up 32.43% in the last 3-month period. Year-to-Date the stock performance stands at 53.9%. The stock has recorded a 20-day Moving Average of 4.87% and the 50-Day Moving Average is 13.46%.
J.C. Penney Company Holding Company (NYSE:JCP): The stock opened at $10.25 on Friday but the bulls could not build on the opening and the stock topped out at $10.46 for the day. The stock traded down to $10.18 during the day, due to lack of any buying support eventually closed down at $10.25 with a loss of -0.29% for the day. The stock had closed at $10.28 on the previous day. The total traded volume was 13,291,750 shares.
Also, Morgan Stanley maintains their rating on the shares of J.C. Penney Company Holding Company (NYSE:JCP). The current rating of the shares is Underweight. Equity Analysts at the Firm raises the price target to $8.5 per share from $7.5 per share. The rating by the firm was issued on August 18, 2016.
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.