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's stock suffering worst 5-day stretch in over 45 years
    Shares of J.C. Penney Co. Inc. JCP, -1.12% dropped 3.9% in morning trade ... The stock has now tumbled 56% year to date, while the SPDR S&P Retail ETF XRT, -0.47% has shed 12% and the S&P 500 SPX, -0.07% has gained 10%.
    08/18/2017 - 3:12 am | View Link
  • J.C. Penney's Stock Suffering Worst 5-day Stretch In Over 45 Years
    Shares of J.C. Penney Co. Inc. dropped 3.9% in morning trade Tuesday ... The stock has now tumbled 56% year to date, while the SPDR S&P Retail ETF has shed 12% and the S&P 500 has gained 10%.
    08/15/2017 - 12:06 am | View Link
  • Mid-Morning Market Update: Markets Open Higher; J C Penney Posts Wider-Than-Expected Loss
    The S&P also rose, gaining 0.30 percent to 2,445.41 ... EXK), down 4 percent. Top Headline J C Penney Company Inc (NYSE: JCP) posted a wider-than-expected Q2 loss. J C Penney posted adjusted loss of $0.09 per share on revenue of $2.96 billion.
    08/11/2017 - 3:16 am | View Link
  • Traders Poised to Profit Off J.C. Penney, Macy's
    Traders have also stepped up their short bets on the SPDR S&P Retail exchange-traded fund (ETF ... In addition, call options, which represent bullish bets, have dropped 26% in that time. Market participants have been making these bearish bets at a ...
    08/9/2017 - 5:00 pm | View Link
  • Macy's Gears Up To Report Q2 Earnings On Thursday
    M has dropped significantly since the start of the year, declining 33% year to date compared to a 10% increase in the S&P 500 (SPX). The last time the company reported, shares dropped more than 17% in trading the day it released results. Around the ...
    08/8/2017 - 3:21 am | View Link
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