Why J.C. Penney Company, Inc. Stock Jumped 16% Last Month
Shares of J.C. Penney Company, Inc. (NYSE: JCP) bounced back last month. The stock rose both on better news in the retail industry, and because it was perceived as a value play after falling sharply in the first half of the year.
Image source: J.C. Penney Company.
According to data from S&P Global Market Intelligence, the stock finished July up 16.3%. As the chart below shows, the gains were staggered, coming in two waves:
Source: Fool.com
Target Corp. Stock
€142.50
0.230%
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