J.c. Penney Dropped From S&p 500 Index

J.C. Penney is getting booted from the Standard & Poor's 500 index after losing more than half of its market value this year. The retailer is being replaced by Allegion Plc, a provider of security for homes and businesses, according to a statement released by S&P Dow Jones Indices Friday. The retailer's downward spiral began during an ill-fated transformation strategy under former CEO Ron Johnson, who was fired in April after 17 months on the job. The company's stock has rebounded during the last month.Read more on NewsOK.com

BING NEWS:
  • J C Penney Company Inc (NYSE:JCP) Share Price Target Reduced To $7.50
    J C Penney Company Inc (NYSE:JCP) share price target has been revised down by $2.50 to $7.50 by analyst Levy of S&P Capital IQ. However ... Same-store sales dropped 0.7 percent. The stock dropped 6.71 percent at time of writing this.
    02/24/2017 - 4:56 am | View Link
  • Why J.C. Penney Stock Dropped 57% in 2013
    Retailer J.C. Penney (NYSE:JCP) has had an abysmal 2013, with its 57% drop so far this year leading the ranks of decliners in the S&P 500 despite the stock market's gains of more than 25% during the same period. Fellow department store rivals Macy's (NYSE ...
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  • J.C. Penney dropped from S&P 500 index
    NEW YORK (AP) - J.C. Penney is getting booted from the Standard & Poor's 500 index after losing more than half of its market value this year. The retailer is being replaced by Allegion Plc, a provider of security for homes and businesses, according to a ...
    11/22/2013 - 10:29 am | View Link
  • J.C. Penney dropped from S&P 500 after stock loses more than half its value
    But the changes that were meant to attract younger, wealthier shoppers, wound up turning off its loyal middle-income, middle-age customers who favour sales and basic merchandise like loose-fitting khakis J.C. Penney will join the S&P MidCap 400.
    11/22/2013 - 10:08 am | View Link
  • J.C. Penney dropped from S&P 500 index
    But the changes that were meant to attract younger, wealthier shoppers, wound up turning off its loyal middle-income, middle-age customers who favor sales and basic merchandise like loose-fitting khakis J.C. Penney will join the S&P MidCap 400. The change ...
    11/22/2013 - 9:39 am | View Link
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