J. C. Penney Company, Inc. (JCP) was a big mover last session, as the company saw its shares rise over 7% on the day. This rally higher can be attributable to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $7.31 to $8.04 in the past one-month time frame.
In the last 30 days, the company witnessed 2 downward estimate revisions and the Zacks Consensus Estimate of a loss widened over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.
J. C. Penney Company has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
An attractive stock in the same sector includes Kohl's Corp. (KSS) carrying a Zacks Rank #2 (Buy).
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PENNEY (JC) INC (JCP): Free Stock Analysis Report
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J. C. Penney Company (JCP) in Focus: Stock Rallies 7.4% - Tale of the Tape
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