J. C. Penney Company, Inc. (JCP - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 3.3% in the past one-month time frame.
The move came after the company extended its partnership with Synchrony Financial.
The company has seen six negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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 #5 (Strong Sell) while its Earnings ESP is positive.
A better-ranked stock in the Retail - Regional Department Stores industry is Kohl's Corporation (KSS - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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