J. C. Penney Company (JCP) in Focus: Stock Up 8.4% - Tale of the Tape
J. C. Penney Company Inc. ( JCP ) was a big mover last session, as the company saw its shares jump over 8% on the day. This rise can be attributable to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up over 47% in the past one-month time frame.
Although J. C. Penney witnessed 2 downward revisions in the past month, the Zacks Consensus Estimate moved higher over the same period. However, the recent price action appears encouraging, so make sure to keep a close watch on this firm in the near future.
J. C. Penney currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Other players in the retail industry, which look attractive at current levels include Rite Aid Corporation ( RAD ) and TravelCenters of America LLC ( TA ) with a Zacks Rank #1 (Strong Buy). Alongside, Best Buy Co.,Inc ( BBY ) with a Zacks Rank #2 (Buy) can be considered.
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