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

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BING NEWS:
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  • J.C. Penney dropped from S&P 500 index
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    11/22/2013 - 10:43 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 - 10:21 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
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BING SEARCH:
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