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J. C. Penney Company, Inc. JCP was a big mover last session, as the company saw its shares gain nearly 9% on the day. The company’s quarterly sales rose by 2.5%, which led to solid volume too with far more shares changing hands than in a normal session. This continues the most recent uptrend of the company, as the stock has risen about 23.Array% in the past one-month time frame.
Although the company has seen no estimate revisions in the past one month, its Zacks Consensus Estimate of a loss narrowed over the same period, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
J. C. Penney currently has a Zacks Rank #3 (Hold).
An attractive player in the retail sector includes Express Inc. EXPR sporting a Zacks Rank #2 (Buy).
Is JCP going up? Or down? Predict to see what others think: Up or Down
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EXPRESS INC (EXPR): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
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