JC Penney says it skipped a $12 million interest payment as coronavirus restrictions shutter stores [MSNBC.com]
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: MSNBC.com
J.C. PenneyIt is entering into a 30-day grace period "in order to evaluate certain strategic alternatives, none of which have been implemented at this time," Penney said in a filing with the Securities and Exchange Commission.If the company does not make the payment within the 30-day period, it would result in an "event of default," with respect to its 2036 Senior Notes, the department store chain said.Among Penney's options is filing for bankruptcy protection, a person familiar with the matter told CNBC.Even before thecoronavirus pandemic"The () pandemic has created unprecedented challenges for department store retailers across the industry and has resulted in extensive store closings," a spokeswoman told CNBC in an emailed statement.Penney has been in talks with its lenders since the middle of 2019, "to evaluate options to strengthen its balance sheet and maximize its financial flexibility, a process that has become even more important as our stores have also closed due to the pand
Show less
Read more
Impact Snapshot
Event Time:
JCP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JCP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JCP alerts
High impacting JC PENNEY news events
Weekly update
A roundup of the hottest topics