Why J.C. Penney Company, Inc. Stock Plunged Today
Shares of J.C. Penney Company, Inc. (NYSE: JCP) tumbled Friday after the department store chain posted an underwhelming second-quarter earnings report.
Comparable sales fell again, dropping 1.3%, and the company saw gross margin compress 200 basis points as it liquidated 127 stores. It also reported a wider loss than expected with an adjusted loss per share of $0.09, compared to expectations at a loss of $0.05 and down from a loss of $0.05 a year ago.
The stock had given up 17.2% at 1:04 p.m. EDT.
Source: Fool.com
Macy's Inc. Stock
€14.59
-7.760%
Currently there is a rather positive sentiment for Macy's Inc. with 6 Buy predictions and 3 Sell predictions.
As a result the target price of 17 € shows a slightly positive potential of 16.49% compared to the current price of 14.59 € for Macy's Inc..
