J.C. Penney Moves Up On Sales & Liquidity Reports and 2 Other Hot Stocks to Watch
J.C. Penney & Co. (NYSE:JCP): Current price $8.06
Shares are up more than 6 percent in mid-morning trading Tuesday, after the historic department store chain said that an important sales barometer improved in September over August, and also that it expects that to have sufficient liquidity at the end of the year. Penney’s said that revenue at stores opened a minimum of a year fell by 4 percent in September year-over-year, but still that was a 5.8 percentage point rise over August. Beyond that, the retailer said that its online sales rose 25.3 percent last month compared with 2012, after an 10.8-percent gain in August.