J.C. Penney Company Inc (JCPNQ)
$0.24 0.01 (2.47%)
13:03 EDT JCPNQ Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap -
PE Ratio -
Volume (Avg. Vol.) 1.89M
Day's Range 0.24 - 0.27
52-Week Range 0.02 - 0.80
Dividend & Yield N/A (N/A)
JCPNQ Stock Predictions, Articles, and J.C. Penney Company Inc News
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With so much red ink in the markets, it’s tempting to buy the discount at will. However, these 30 stocks to sell are especially at risk for further declines.
Once representing a fixture in American popular culture, JCP stock has crumbled into obsolescence. There’s a reason for that, which is why you shouldn’t touch it.
Wild speculation has boosted JCP stock in recent weeks. This speculation is unchecked and unwarranted, and won't end well for shareholders.
Once the bankruptcy judge sorts out who’s owed what, there typically isn’t any money left for the old equity shareholders. As for the creditors, they often aren’t made 100% whole by the bankruptcy plan; their debt is converted into new equity. The common shareholders are at the end of the line.
By Ken Trester
While I think we may be approaching overbought territory, the best recommendation I can give now is a bullish trade on Kohl’s Corporation (NYSE:KSS).
JCPNQ (the old JCP stock) is still attracting investors. It shouldn't. Bankruptcy is going to wipe out shareholders.
Time's running out for the few remaining JCP stock bulls. This once-renowned American retailer might be finished by the end of the year.
With J.C. Penney’s bankruptcy, JCP stock may appeal to risk-tolerant speculators. But if you can’t afford burning money, stay away!