JC Penney Pops And Drops After Same Stores Sales Increase

Jc Penney JCP shares are trading lower by $0.37 at $8.32 in Wednesday's session. It traded up to $9.56 in premarket trading when the company announced a surge in fiscal third-quarter-same-store sales of 6 percent. Also, the company settled a class action lawsuit. However, the Street is fading the good news in a big way. After a higher open, it immediately peaked at $8.88 and began to move lower. At this time, it approaching the low its recent slide at $8.20, so far, reaching $8,24, Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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