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Options Trading News

November 9, 2012  Fri 7:24 AM CT

JCP: SEE CHART GET CHAIN FIND STRATEGIES

Shoppers Defect Before Holiday Shopping Season

J.C. Penney announced that same-store sales fell by 26 percent in the third quarter, worse than the 17 percent decline expected by analysts. It also lost $0.93 a share, compared with the consensus estimate for a $0.07 loss. JCP is down by 5 percent before the bell on my tradeMONSTER platform.

Groupon Drops After Earnings, Revenue Miss

Groupon reported breakeven results on a per-share basis, while analysts had expected profit of $0.03. Revenue of $568.6 million also lagged the $590 million estimate. GRPN fell 20 percent in early trading.

Kayak Pops on Priceline.com Takeover

Kayak Software agreed to be acquired by Priceline.com for $1.8 billion, or $40 a share in cash and stock. KYAK, which also reported strong quarterly results, rose 26 percent.

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