J. C. Penney Company, Inc. (JCP - Free Report) was a big mover last session, as the company saw its shares rise more than 15% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $2.37-$3.75 in the past one-month time frame, showed a sharp increase Friday.
The move came after the company reported narrower-than-expected third-quarter fiscal 2017 loss. Also, it posted solid comparable sales growth of 1.7% in the quarter.
The company has seen seven negative estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
J. C. Penney currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the Retail-Wholesale sector is The Buckle, Inc. (BKE - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is JCP going up? Or down? Predict to see what others think: Up or Down
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