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:
  • Stock Market News for March 02, 2015 - Yahoo! Finance
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  • Morning Movers: JC Penney Plunges on Earnings, Guidance; FedEx Flies ... - Chicago Daily Herald
    Morning Movers: JC Penney Plunges on Earnings, Guidance; FedEx Flies ... - Minyanville
    02/27/2015 - 8:38 am | View Link
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BING NEWS:
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    Considering the results of nearly 95.2% of the sector's market cap in the S&P 500 index, total retail sector earnings ... economic outlook continues to be positive. Unemployment has dropped to 5.5%, its lowest level since early 2008. The U.S. economy ...
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  • Why J.C. Penney Stock Dropped 57% in 2013
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  • J.C. Penney to be dropped from S&P 500; shares under pressure
    IR), which will remain in the S&P 500. J.C. Penney shares have dropped 55 percent this year, leaving the company with a market cap of $2.7 billion. The lowest market cap stock on the index on Friday was Abercrombie & Fitch Co. (NYSE:ANF) at $2.1 billion.
    11/25/2013 - 1:58 am | View Link
  • J.C. Penney being dropped from S&P 500
    Time Magazine is reporting: J.C. Penney is being dropped from the S&P 500 Index after its plummeting value made it “more representative of the mid cap market,” Standard & Poor said in a statement.
    11/25/2013 - 1:01 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 - 6:21 pm | View Link
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BING SEARCH:
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    03/29/2015 - 12:25 pm | View Website
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