J. C. Penney Company, Inc. (JCP - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.77–$3.15 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen a mixed track record when it comes to estimate revision of one increase and no decreases over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
J. C. Penney currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Retail - Regional Department Stores industryis Kohl's Corporation (KSS - Free Report) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is JCP going up? Or down? Predict to see what others think:Up or Down
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