J C Penney Company, Inc. (JCP) shares breached the $10 barrier for the first time this year today; the stock has now surged more than 10% in the last five days. Investors seem to believe that a turnaround is in the making, with the company having posted better-than-expected revenue and per-share loss in the last two quarters.
J C Penney Company, Inc. (JCP) shares breached the $10 barrier for the first time this year today; the stock has now surged more than 10% in the last five days. Investors seem to believe that a turnaround is in the making, with the company having posted better-than-expected revenue and per-share loss in the last two quarters.
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