Penney drops on corner-office chaos
Jon "DRJ" Najarian | email@example.com
CEO Ron Johnson Gets the Boot
J.C. Penney announced the ouster of CEO Ron Johnson yesterday. The beaten-down retailer initially rallied on the news, but then brought back predecessor Mike Ullman. That has investors questioning the competence of the board, and JCP is down more than 6 percent before the bell on my tradeMONSTER platform.
Revenue Lifts Staar Surgical
Staar Surgical reported preliminary first-quarter revenue of $18 million, better than the $16.5 million expected by analysts. The maker of implantable eye lenses cited runaway growth in Europe. STAA surges 19 percent in early trading.
Special Dividend at Corrections Corp.
Corrections Corp. of America announced a special dividend of $675 million, or $6.63 a share. CWX, which closed at $37.97 yesterday, is advancing 4 percent on the news in premarket trading.
Why trader is selling puts in Penney
December 4, 2013
The department-store operator has trended higher since its lows of late October but has been unable to hold above $10 in the last week.
Bull keeps the faith in J.C. Penney
November 29, 2013
Shares of the department-store operator have been cut in half this year, but the stock has regained some ground in the last month amid hopes of a sales turnaround.
Comeback hopes draw bulls to Penney
November 20, 2013
While its third-quarter loss was wider than expected, the department-store operator says business is improving in November and sees ample liquidity on its balance sheet.
J.C. Penney rallies on sales trends
November 20, 2013
Earnings missed, but the struggling retailer sees signs of a turnaround; Lowe's drops on weak profitability; Priceline is added to the "conviction buy" at Goldman Sachs.
J.C. Penney draws 'nickel strategy'
November 15, 2013
A large trader is selling long-term puts for a small premium with a high probability of profit in the department-store operator.