J.C. Penney Company Holding Company (JCP) has risen sharply, recording gains of 10.6% in the past 4 weeks. However, the stock has corrected -2.8% 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 7.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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 $9.23 and $9.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.39, notching a gain of 2.07% for the day. The total traded volume was 13,452,070 . The stock had closed at $9.20 on the previous day.
The stock has recorded a 20-day Moving Average of 3.99% and the 50-Day Moving Average is 8.72%. J. C. Penney Company, Inc. is up 13.68% in the last 3-month period. Year-to-Date the stock performance stands at 40.99%.
J.C. Penney Company Holding Company (JCP) : Currently there are 14 street experts covering J.C. Penney Company Holding Company (JCP) stock. The most bullish and bearish price target for the stock is $19 and $7 respectively for the short term. The average price target of all the analysts comes to $11.18. The estimated standard deviation from the target is $3.59.
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.