Can J.C. Penney Stock Keep Going After Last Week's 34% Pop?

Can J.C. Penney Stock Keep Going After Last Week's 34% Pop?

One of retail's biggest losers was one of last week's biggest winners. Shares of J.C. Penney (NYSE: JCP) soared 33.8% last week, moving sharply higher after posting results that exceeded its earlier guidance. It's a welcome break for investors, as the stock had posted double-digit percentage declines in each of its two previous quarterly outings.

There probably weren't a lot of high-fives going around last week among J.C. Penney shareholders unless they just bought in during the past couple of weeks. The stock is still trading 65% lower so far this year.

Image source: J.C. Penney. 

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Source: Fool.com