J C Penney Company Inc (NYSE: JCP) filed its 8K with the SEC Tuesday. The stock spiked upwards 4 percent following a disclosure on comparable store sales.
The filing clarified that on Monday “a senior official of the Company inadvertently sent an e-mail communication to a securities analyst that contained non-public information regarding the Company’s comparable store sales results for the fiscal first quarter of 2015 to date, which are approximately 6 percent.”
According to the SEC filing, after taking into account the shift of Easter into the fiscal month of March along with results to-date, comparable store sales for the first quarter were expected to come in between 3.5 to 4.5 percent.
The stock gave back the gains later in the pre-market trading session.
Ahead of the market open, J C Penney Company Inc traded at $9.35, down 0.53 percent.
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