Last Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.
It's been a May to forget for a growing number of the financial world's best-known names, including JPMorgan Chase's Jamie Dimon, Nasdaq OMX's Bob Greifeld, Chesapeake Energy's Aubrey McClendon, JC Penney's Ron Johnson, and Yahoo's Scott Thompson. We want to know who you think has had the worst month? Answer our poll and leave some comments.
“Turning around a big retailer is extremely difficult, but it’s been done before,” Cramer said.
Take a look at some of Monday’s morning movers:
If you own these four stocks, take a long hard look at selling them. If you decide to hold on or buy more, check yourself.
In the first quarter, Apple stock was surging. Since then, shares have dropped 16 percent — giving up over $100 a share and now trailing Google by nearly that amount.
Take a look at some of Thursday's morning movers:
Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.
Stocks logged another decline in choppy trading Wednesday following the Fed's meeting minutes and after conflicting reports suggesting the ECB could halt monetary operations to certain Greek banks, reigniting jitters over the debt-ridden nation.
After lousy earnings sent JCPenney shares plunging on Wednesday, top hedge fund manager Whitney Tilson tells us, he hit the buy button.
J.C. Penney’s stock will likely stay in a range of $25 to $30 in the near term, said one analyst, who warned investors against expecting any miraculous recovery in the company’s shares soon.
JC Penney is reporting its worst percentage drop in 24 years, with CNBC's Brian Sullivan and Amanda Drury. Jan Rogers Kniffen, J. Rogers Kniffen Worldwide Enterprises founder, discusses re-invigorating the customer to turn the stock around.
JC Penney is seeing its worst drop in 24 years on disappointing Q1 earnings. Whitney Tilson, T2 Partners managing partner, makes his case for buying into the company.
Shares of JC Penney getting hammered this morning after missing on both the top and bottom line and suspending its dividend. Charles Grom, Deutsche Bank senior retail analyst, discusses his thoughts on CEO Ron Johnson, his $38 price target on the stock, and the outlook on Target.
April housing starts, at 717,000, hit their highest level since October 2008. But don't kid yourself: the market is still on notice. Any headline could reverse things...quickly, says CNBC's Bob Pisani.
Take a look at some of Wednesday's morning movers: DE, TGT, AAPL, ANF, JCP & More
Just when you thought JCPenney expectations might be low enough? Nope. Not even close.Turns out the American consumer is addicted to a deal.
Facebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.
With Europe’s latest crisis keeping markets on edge, investors are hoping to find clues as to what might tip the Fed towards more easing in Wednesday’s release of Fed meeting minutes.
After JCPenney released results that were even worse than the Street expected, top trader Guy Adami said get ready to hit the buy button - but not until the end of the week.