Department store chain, J.C. Penney Co. Inc. (NYSE: JCP) reconfirmed for the third time in just over four weeks that sales-trends were showing an improvement. J C Penney also backed its guidance for a positive same-store-sales percentage growth for the fiscal third quarter. Shares gained sharply following the announcement. Last month, JCP came under tremendous pressure after the company said that it will make a secondary offering to raise funds for general corporate purposes. Speaking to investors on Monday morning, J C Penney’s Chief Executive, Myron Ullman, “I told lenders it would be one thing if we had two things wrong and they couldn’t be fixed. We have 30 things wrong and they can all be fixed.”
Tag: JCP
Major Movers on May 17; ARUN, BRCD, ADSK, JCP, DE
Shares of Aruba Networks Inc. (NASDAQ: ARUN) tumbled about 26.50% by afternoon trade after the wireless equipment maker, late last evening, said that it swung into third quarter loss as the bottom line was felt the impact due to rising expenses, higher taxes. The Company also provided disappointing guidance for the fiscal fourth quarter. The Company now anticipates earnings come in the range of 10 cents to 12 cents a share on revenue range of $148 million to $150 million. Analysts polled by Thomson Reuters had most recently forecasted earnings of 17 cents a share on revenue of $157 million. Excluding onetime items, adjusted earnings stood at 11 cents a share in the fiscal third quarter compared to 16 cents a share, in the year-earlier quarter. Revenue jumped 12% to $147.1 million. Earlier in May the Company provided earnings guidance of 11 to 12 cents a share on revenue range of $144 million to $147 million.
Continue reading Major Movers on May 17; ARUN, BRCD, ADSK, JCP, DE
Major Movers on April 26; DHI, AMZN, BIDU, EXPE, FSL, JCP, CSTR
Shares of D.R. Horton Inc. (NYSE: DHI) rallied about 6.20% by early trade after the homebuilder reported better-than-expected fiscal second quarter results.
Continue reading Major Movers on April 26; DHI, AMZN, BIDU, EXPE, FSL, JCP, CSTR
Major Movers on April 9; JCP, CLF, HIMX, TTEK, FCN
Shares of JC Penney Company Inc. (NYSE: JCP) were hammered on Tuesday after the Company said that its Chief Executive Officer Ron Johnson decided to leave the Company. Meanwhile, the Company has re-appointed ex-CEO Mike Ullman at the top position, on interim basis. The beleaguered department chain, whose shares slumped 44% last year which marked Johnson’s first full year as a CEO, tumbled another 25% through last week as his strategy to overhaul the chain’s business failed to generate customer’s traffic while sales kept dwindling. Johnson stint was for only about one and half years.
Continue reading Major Movers on April 9; JCP, CLF, HIMX, TTEK, FCN
Major Movers on April 6; IX, JCP, WLL-A, FFIV, HBI, NIHD
Orix Corporation (ADR) (NYSE: IX) rallied on Wednesday. The Tokyo based financial services provider and Funabashi Eco Services Corporation announced in February that will merge to form a new entity referred to as Orix Eco Services Corporation. The merge is aimed at creating synergies and improving customer services.
Continue reading Major Movers on April 6; IX, JCP, WLL-A, FFIV, HBI, NIHD
Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP
Shares of ValueClick Inc. (NASDAQ: VCLK) rallied on Monday after Jefferies upgraded the stock from “Hold” to “Buy “ rating and raised its price target on it to $35.00 from $23.00. The improvement in ratings come after company’s analyst day, where both CEO John Guliani and team, eloquently said that the Company was shifting towards a more integrated and customer focused model, according to Jeffries. According to Jeffries, the shift will allow ValueClick to leverage robust data and breadth of consumer touch points, which in turn help the company to gain traction in an expanding digital marketing services market.
Continue reading Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP
Major Movers on February 28; PANL, JCP, GTLS, CVC
Shares of Universal Display Corporation (NASDAQ: PANL), a company engaged in the development and licensing of its OLED technologies to manufacturers of products for display applications, are rallying in trading today after the company reported its fourth-quarter financial results.
Continue reading Major Movers on February 28; PANL, JCP, GTLS, CVC
Major Movers on January 11; DNDN, BBY, KBR, INFY, ARQL, JCP, WFC
Shares of Dendreon Corporation (NASDAQ: DNDN) rallied on Friday after analysts at Bernstein Research boosted its rating on the pharmaceutical company to “outperform” and raised its price target on stock by 43% to $10, citing upbeat outlook on company’s prostate cancer treatment. The 52-week trading of the stock is $5.73-$6.02.
Continue reading Major Movers on January 11; DNDN, BBY, KBR, INFY, ARQL, JCP, WFC
Major Gainers and Movers in Early Trading on November 12; GILD, JCP, CIM, ET, PTR
Shares of Gilead Sciences Inc. (NASDAQ: GILD), a research-based biopharmaceutical company engaged in the discovery, development and commercialization of medicines, are seeing a huge rally in early trading today. At last check, GILD shares were trading 12.08% higher at $72.86 on above average volume of 10.39 million. The stock hit a 52-week high of $73.25 in early trading today.
Continue reading Major Gainers and Movers in Early Trading on November 12; GILD, JCP, CIM, ET, PTR
Major Gainers and Losers on September 20; JCP, CAG, NIHD, KMX
The following stocks saw significant activity in trading on Thursday, September 20, 2012.
Continue reading Major Gainers and Losers on September 20; JCP, CAG, NIHD, KMX