By | September 28, 2018

J. C. Penney Company, Inc. (NYSE:JCP) holds 311.78 million shares outstanding and 308.39 million shares are floated in market. The company revealed recent move of -8.95% to $1.73. Around 14053734 shares traded in most recent trading session compared to an average volume of 13196.39K. The stock changed with return -13.50% over last weekly period. <

The monthly performance of stock was observed at -2.26%. JCP’s shares are moving at -27.92% for the quarter and managed a -56.64% return over the course of the past year and is now at -45.25% since this point in 2018.

J. C. Penney Company, Inc. (NYSE:JCP) declared that Jeffrey Davis has informed the Company that he is resigning from his position as executive vice president and chief financial officer effective Oct. 1 to pursue another opportunity. Jerry Murray, senior vice president of finance, will assume the position of interim chief financial officer, reporting directly to the Office of the CEO.

Ronald W. Tysoe, chairman of the JCPenney board said “On behalf of our board and leadership team, I want to thank Jeff for his service to JCPenney”. “His leadership has been instrumental as both the Company’s chief financial officer and as a member of the Office of the CEO. We wish him much success in his future endeavors, and we thank Jerry for stepping in to assume this leadership role.”

Murray joined the Company in Feb. 2016 after serving as chief financial officer for Valassis, a multimedia marketing firm. As interim CFO, he will report into the Office of the CEO members Therace Risch, chief information and digital officer, and Mike Robbins, executive vice president of private brands and supply chain. The Company will commence a formal search for Davis’ successor, reviewing both internal and external candidates.

Davis said “I am grateful for my time with the Company, leading some of the most talented teams in retail during a time of transition. I have every confidence that JCPenney has the experience and determination to persevere and strengthen its position as one of America’s leading retailers”.

Its quarter to quarter sales remained -4.50% and sales observed at -0.70% over past 5 years. The stock beta value is 0.76. JCP stock changed at -39.75% distance from its 200-day moving average. On a similar note, the stock marked distance of -16.82% from its 50-day moving average and moved -6.33% away from its 20-day moving average. The average volatility for the week and month was at 6.48% and 4.89% respectively.

Category: Hot Stocks Tags: , ,
Theresa Mitchell

About Theresa Mitchell

Theresa Mitchell studied a business degree majoring in finance and security analysis. She has a deep understanding of both technical and fundamental forms of analysis, she deeply believes that it makes a lot more sense for average investors to understand fundamental analysis, which she believes anyone can learn. Theresa has over 10 years of experience as a professional journalist, writer and an editor. She holds a bachelor’s degree in International Business from University of Melbourne. She writes articles about hot stocks, dividend growth investing, options trading, investment decisions, stock selection, portfolio management, and passive income generation. Theresa primarily reports on Hot Stocks category. Email Contact:

Leave a Reply

Your email address will not be published. Required fields are marked *