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

ASK NEWS:
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    05/10/2016 - 2:15 pm | View Link
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BING NEWS:
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    That $2.7-billion level is “more representative of the mid cap market,” according to a statement made by S&P last week, which announced on Monday that the company would be dropped from its 500 index. With J.C. Penney’s exit, there are only 68 of the ...
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  • J.C. Penney Dropped from S&P 500 Rises on Bond Upgrade
    Standard and Poor's announced late Friday that the struggling department store chain would be dropped from the S&P 500. J.C. Penney will be removed from the S&P 500 after the close of trading on Friday, Nov. 29 and replaced by Ingersoll-Rand's (IR ...
    11/25/2013 - 5:39 am | View Link
  • S&P 500 Drops J.C. Penney After Staggering Losses
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    11/24/2013 - 11:00 am | View Link
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