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Stock impact report

J.C. Penney Is Reportedly Thrown a Liquidity Lifeline [The Motley Fool]

JC PENNEY (JCP) 
Last jc penney earnings: 2/27 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jcpenney.com
Company Research Source: The Motley Fool
James Brumley(TMFjbrumley)Author BioJames Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It's also an approach that respects this John Keynes reality: The market isn't always rational.Follow @@jbrumleyStruggling department store chainJ.C. PenneyNYSE:JCPIf the reports are accurate, the help is arriving none too soon. Like most retailers, JC Penney stores are closed to slow the spread of the COVID-9 coronavirus. J.C. Penney entered theImage source: Getty Images.J.C. Penney drew $. billion in cash from an existing credit arrangement in March, providing some of the liquidity it immediately needs. The retailer alsomade its lease payments for Aprilfailed to payin talks with advisorsBond rating agency Fitch downgraded the company's debt to CCC- in early April. Mood Show less Read more
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