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Why is JCP stock so low?

Why is JCP stock so low?

J.C. Penney ( JCPN. Q ) has struggled with weak sales and profitability for nearly a decade due to a failed makeover attempt and falling mall traffic. The COVID-19 pandemic was the last straw for the long-suffering department store chain, forcing it to file for bankruptcy in May.

Why is JCPenney in trouble?

The company was saddled with debt and spent the last decade with a continual turnover in CEOs, new store designs that couldn’t spark interest, initiatives and rebrands that didn’t resonate with customers. The once-beloved retailer has been unprofitable since 2010 with net losses of $4.5 billion.

Is JCP stock worthless now?

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Investors can still trade JCP — it’s currently at around $0.20 — during the bankruptcy proceedings, but the stock is still at risk of becoming worthless….How far JCP stock has fallen.

Date Price
February 2019 $1.30
February 2020 $0.75

What is JCPenney’s stock symbol?

JCPNQ
J.C. Penney Company Inc (JCPNQ)

How much is JCPenney stock worth?

Key Turning Points

52-Week High 1.2500
Fibonacci 50\% 0.6550
Fibonacci 38.2\% 0.5146
Last Price 0.1459
52-Week Low 0.0600

What is the current value of JCPenney stock?

JCP Price/Volume Stats

Current price $0.18 52-week high
Prev. close $0.24 52-week low
Day low $0.17 Volume
Day high $0.24 Avg. volume
50-day MA $0.32 Dividend yield

What is J C Penney’s (JCP) stock price?

What is J C Penney’s stock price today? One share of JCP stock can currently be purchased for approximately $0.18.

Why do short-term and long-term JCP stock price predictions differ?

Short-term and long-term JCP (J. C. Penney Co., Inc.) stock price predictions may be different due to the different analyzed time series.

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How much money does J C Penney make a year?

J C Penney has a market capitalization of $0.00 and generates $11.17 billion in revenue each year. The department store operator earns $-268,000,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis. How many employees does J C Penney have? J C Penney employs 90,000 workers across the globe.

What companies are related to J C Penney?

Some companies that are related to J C Penney include Kohl’s (KSS), Macy’s (M), Nordstrom (JWN), Dillard’s (DDS) and VictoryShares Protect America ETF (SHLD). View all of JCP’s competitors. What other stocks do shareholders of J C Penney own?