J. C. Penney Company Inc. JCP was a big mover last session as the company saw its shares surge over 16% on the day. This rally higher can be attributable to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $7.50 to $9.18 in the past one-month time frame.
The company has seen 1 downward estimate revision in the past month, while its Zacks Consensus Estimate of a loss widened over the same timeframe, 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 Company currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Other better-ranked stocks in the retail industry include Columbia Sportswear Company COLM, Hanesbrands Inc. HBI and V.F. Corporation VFC all sporting a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
COLUMBIA SPORTS COLM: Free Stock Analysis Report
HANESBRANDS INC HBI: Free Stock Analysis Report
PENNEY (JC) INC JCP: Free Stock Analysis Report
V F CORP VFC: Free Stock Analysis Report
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