J.C. Penney Company, Inc. Holdi (NYSE:JCP) Among Today’s Most Volatile Stocks – Down $0.10

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J.C. Penney Company, Inc. Holdi (NYSE:JCP) last traded at $3.39 with shares seeing a daily low of $3.31 and a high of $3.48. This range of trading identifies the stock as one of the day’s most volatile.

Not surprisingly, $3.31 is the stock’s low for the year. It is trading at $3.39 which is much lower than $3.89, the 50 day moving average and much lower than the 200 day moving average of $4.74. The 50 day moving average went down by -12.892% and the 200 day average was down $-1.36.

Short Interest

Short traders are more bearish of late if you take a look at the motion in short interest. The firm saw a rise in short interest of 1.18% between September 15, 2017 and September 29, 2017. Short shares grew from 136,291,082 to 137,896,674 over that timeframe. Days to cover increased from 10.0 to 13.0 and the percentage of shorted shares is 0.44% as of September 29.

Insider Activity

J.C. Penney Company, Inc. Holdi (NYSE:JCP) has been the object of insider buying activity recently. Paul J. Brown, Director disclosed the purchase of 25,000 shares of JCP stock. The shares were purchased at an average price of $3.62. The Director now owns $246,605 of the stock according to the SEC filing.

Recent Analyst Ratings

On August 14 Citigroup made no change to the stock rating of “Neutral” and moved down the price target from $5.00 to $4.00. August 14 investment analysts at BMO Capital left the stock rating at “Neutral” but lowered the price expectation to $4.00 from $9.00.

July 12 investment analysts at Citigroup kept the stock rating at “Neutral” but lowered the price target from $7.50 to $5.00. In the latest earnings report the EPS was $-0.38 and is estimated to be $0.43 for the current year with 310,741,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.61 and the next full year EPS is anticipated to be $0.38.

Company Information

J. C. Penney Company, Inc. (JCPenney), launched on January 22, 2002, is a holding company. The Business’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website. It fulfills online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney, home furnishings and appliances. In addition, its department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating..