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On December 26, the stock price of JCPenney (NYSE: JCP) fell below $1 per share. This was the first time ever that shares had fallen below $1 in the 110-year history of the company, which started trading on the New York Stock Exchange in 1929. The stock fell 68% over the course of 2018, including a 30% drop in December 2018 alone. [65]
Sales and earnings plunged again last quarter, but J.C. Penney stock surged anyway as the company presented the beginnings of a turnaround plan.
As of 10:30 a.m. ET, the Plano, Texas-based firm's stock was down more than 10% to 65 cents. JCPenney Stock Plummets as Investors Lose Faith in the Retailer’s Turnaround Efforts Skip to main content
J.C. Penney Co. Inc. (NYSE: JCP) stock has struggled once again this year, declining 11 percent year-to-date as the company tries to streamline its business and stay competitive in an evolving U.S ...
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Penny stocks are common shares of small public companies that trade for less than five dollars per share. [1] The U.S. Securities and Exchange Commission (SEC) uses the term "Penny stock" to refer to a security, a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share.
Additional Sears store closures and the liquidation of Bon-Ton could help J.C. Penney accelerate its sales growth later this year. That would be great news for J.C. Penney stock.