J.C. Penney Company, Inc. (JCP) Highlights: New Options Trading, George Soros’ Growing Stake, Bill Ackman & More

Editor’s Note: J.C. Penney Company, Inc. (NYSE:JCP)

JCP September 13th Options Begin Trading (Forbes)
Investors in J.C. Penney saw new options begin trading today, for the September 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the J.C. Penney Company, Inc. (NYSE:JCP) options chain for the new September 13th contracts and identified one put and one call contract of particular interest. The put contract at the $12.50 strike price has a current bid of 93 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $12.50, but will also collect the premium, putting the cost basis of the shares at $11.57 (before broker commissions).

J C Penney Company Inc (JCP)J.C. Penney stock up on Sterne position, Soros buy (Businessweek)
J.C. Penney Company, Inc. (NYSE:JCP) shares rose Thursday after Sterne Agee analysts took a bullish position on the struggling retailer and said that a recent drop in its stock price has made for a good opportunity to buy, and billionaire George Soros disclosed a growing stake in the company. Sterne Agee analysts Charles Grom and Renato Basanta said that the they believe that J.C. Penney’s risk versus its reward as an investment, has improved now that some of its boardroom drama is settled and the back-to-school season looks positive. They believe investors will look past the noise of the most recent quarter and focus on the company’s turnaround plan and potential for improvement.

JCP in trouble again (CNBC)

J.C. Penney Shares Rally As New York Post Sees August Turnaround (JCP) (Benzinga)
Shares of embattled retailer J.C. Penney Company, Inc. (NYSE:JCP) rallied sharply late Wednesday and into early trade Thursday following a New York Post report that August same store sales were tracking higher than forecast. They claim that J.C. Penney was benefiting nicely from back to school sales. Shares popped 40 cents on the news from $13.00 to $13.40 and traded to an overnight high of $13.73 on the news. However, J.C. Penney shares are a long way from their 52-week high of $32.55.

Will Ackman’s exit be enough to save JC Penney? (CNBC.com)
Bill Ackman suggests he doesn’t plan to sell his J.C. Penney Company, Inc. (NYSE:JCP) shares following his resignation from the board. Experts applaud the resignation following days of turmoil, but they question whether the troubled retailer can survive. Ackman’s Pershing Square hedge fund purchased JCP at about $25 per share and holds an 18 percent stake, according to the most recent filing. “If I wanted to sell I could have sold all along during the quarterly window,” Ackman told CNBC by telephone Tuesday.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!