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.

blog comments powered by Disqus
Insider Monkey Headlines
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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!