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>> KMART Latest News

FEB 06, 2014 - TheStreet

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J.C. Penney (JCP) Surges on Thursday, But Down Over Week

NEW YORK (TheStreet) -- What a rollercoaster of a week J.C. Penney  has had and it's not even Friday. The retailer spiked 8.2% to $5.65 by midafternoon Thursday, buoyed by a Kohl's-led  retailer rally and as the S&P 500 added 1.11% on jobless claims. Even so, the retailer is down 4.5% for the week, after dumping nearly 11% in Tuesday's session. Earlier in the week, the Plano, Texas-based business posted a financial update which should have pleased Wall Street with its indication of a turnaround gaining momentum. The company said combined comparable-store sales over ... Read More

Tags: J.C. Penney (JCP) Surges on Thursday, But Down Over Week,  Kmart Latest News