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 Dropped 50% From Last Year And May Need Restructuring
    J.C. Penney (NYSE:JCP) stock price has dropped 50% from May 24 of last year ... During the same time period, the S&P 500 rose 33.2%. The company this week reduced 2018 guidance for income to a range of ($0.07)-$0.13 because of two FASB accounting changes.
    05/24/2018 - 10:00 pm | View Link
  • Why J.C. Penney, NetEase, and Jounce Therapeutics Slumped Today
    Yet the better-known large-cap stock indexes like the S&P 500 gave up early gains ... Here's why they did so poorly. Shares of J.C. Penney dropped 12%, disappointing investors who had hoped that the discount department store chain would be able to match ...
    05/17/2018 - 10:01 am | View Link
  • Options Traders Expect Huge Moves in J. C. Penney Company (JCP) Stock
    while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from a loss of 23 cents per share to a loss of 22 cents in that period. Given the way analysts feel about J. C. Penney Company right now ...
    05/17/2018 - 12:57 am | View Link
  • Mid-Afternoon Market Update: Dow Turns Lower; J C Penney Shares Plunge
    The S&P also fell, dropping 0.01 percent to 2,722.25 ... Equities Trading DOWN Jounce Therapeutics, Inc. (NASDAQ: JNCE) shares dropped 32 percent to $11.95. Abstract of the Phase 1/2 ICONIC trial that evaluated JTX-2011 monotherapy as well as in ...
    05/16/2018 - 7:32 pm | View Link
  • Bed Bath & Beyond Inc. : Today’s Research Reports on Stocks to Watch: Bed Bath and Beyond and J. C. Penney
    Shares of J. C. Penney dropped 30% in March. It was in March that the department store company released fourth quarter results and revealed that it saw comparable sales rise by 2.6%. Net income also soared to $254 million from $192 million a year ago due ...
    04/13/2018 - 1:17 am | View Link
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BING SEARCH:
  • J.C. Penney Dropped 50% From Last Year And May Need ...
    Cash has dropped to $181 million from $363 million, ... J.C. Penney (NYSE: ... the S&P 500 rose 33.2%.
    05/25/2018 - 5:16 am | View Website
  • Why J.C. Penney Stock Fell 30% in March | Fox Business
    Department store chain J.C. Penney (NYSE: JCP) dropped 30% last month, compared to a 3% decrease in the S&P 500, according to data provided by S&P Global Market Intelligence.
    05/7/2018 - 7:42 pm | View Website
  • J.C. Penney Company, Inc. Earnings: The Turnaround ...
    J.C. Penney Company, Inc. Earnings: The Turnaround Continues, Slowly J.C. Penney posted fairly good results in the final quarter of 2017, following several quarters of weak performance.
    03/2/2018 - 8:33 am | View Website
  • Why J.C. Penney Company, Inc. Stock Dropped 16% in April ...
    Why J.C. Penney Company, Inc. Stock Dropped 16% in April The company has had improved results, but it's going to take a long time to restore investors' faith.
    05/14/2016 - 10:22 am | View Website
  • J.C. Penney Dropped from S&P 500 Rises on Bond Upgrade ...
    J.C. Penney shares jumped on Monday despite the fact that the struggling department store chain is getting removed from the S&P 500 later this week....JCP
    11/25/2013 - 1:34 pm | View Website
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