Why is JCP stock so low?
Table of Contents
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?
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.
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.
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?