Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

J.C. Penney Highlights Short List of Large-Cap Movers Wednesday

As the trading day winds down Wednesday, there have been several large-cap stocks that have been all over the map in terms of movement today, but this daily list focuses on those that have made the most noteworthy moves away from their opening prices. Today’s slist is very short and sweet, but features at least one recognizable name – J.C. Penney (NYSE:JCP).

J.C. Penney Company, Inc. (NYSE:JCP)

J.C. Penney has been riding a roller-coaster in the last month, and Wednesday is seeing its stock tumble about 6 percent to about $21.15, thanks to a warning from Cleveland Research that said July sales looked weak. And then, when CEO Ron Johnson took to the CNBC airwaves and talked about “re-training our customers,” that has further spooked investors away.

On the positive side of the movement elevator is Frontier Communications (NASDAQ:FTR), which has spiked nearly 11 percent on the day to about $4.35 due to analysts’ positive view of Frontier’s cash flow and its broadband/TV network additions overshadowing wireline losses from its earnings report. A couple of analysts have upgraded the stock to a Buy, while Nomura raised its 2012 revenue forecast for the company.

Also finding itself in the green today is Pioneer Natural Resources (NYSE:PXD), which is up more than 5 percent today even after missing a bit on its earnings report. Investors seem to be comforted, though, by the firm’s revenue number being up 15 percent over a year ago despite commodity prices dropping during that time. Pioneer also upped its 2012 resource potential from  billion BOE to 7 billion BOE, with a production growth target of 29 percent, up from 25 percent.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.