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JCP - J.C. Penney's Common Stock Is A Trading Vehicle
J.C. Penney Company Inc.
J.C. Penney's (JCP) stock has made a nice run-up since bottoming out at around $0.53 per share around one month ago. However, this run-up has made the risk/reward equation for J.C. Penney's stock considerably less favorable. The odds of J.C. Penney being able to pull off its required turnaround haven't changed in the last few weeks, so a speculative purchase that could have been justified at $0.60 wouldn't look that good at $1.25 (its recent high).
Insider Purchases
During the last month various J.C. Penney insiders have purchased a total of 2.58 million