Photographer: Saul Martinez/Bloomberg
A strategic mistake made six years ago by celebrity CEO Ron Johnson continues to haunt popular retailer JC Penney, as evidenced by the ongoing sluggish sales growth and store closings that have made the company smaller—a fraction of what it once was.
Meanwhile, investors have been bailing out from the company’s stock, which trades in the middle single digits — a long way from the upper 30s, where it was trading back in 2012.
JC Penney’s woes began with a change in the retailer’s pricing strategy –replacement of coupon sales with everyday low prices.
The old pricing strategy has been popular among retailers, because it hypes shoppers, making them feel smart and encouraging them to talk with other consumers about it. That’s how hype and buzz for merchandise begins and spreads in the shopper community.
Hot Low Price Stocks For 2019: Live Ventures Incorporated(LIVE)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested going long onsmall cap real-time deal engine stock Live Ventures Inc (NASDAQ:LIVE):
Hot Low Price Stocks For 2019: Burcon Nutrascience Corp(BUR)
- [By William Romov]
Last Wednesday (Dec. 6), the company received a patent for certain methods of production of its phase 2 antidepressant, AV-101.
Penny Stock Current Share Price Dec. 4 – Dec. 8 Gain (as of Dec. 8)
VistaGen Therapeutics Inc. (Nasdaq: VTGN) $1.80 135%
FXCM Inc. (Nasdaq: GLBR) $1.12 124%
Neuralstem Inc. (Nasdaq: CUR) $2.00 75.44%
Ohr Pharmaceuticals Inc. (Nasdaq: OHRP) $1.49 75.29%
ClearSign Combustion Corp. (Nasdaq: CLIR) $3.50 53.85%
Astrotech Corp. (Nasdaq: ASTC) $4.21 51.99%
Burcon NutraScience Corp. (Nasdaq: BUR) $0.72 44%
LM Funding America Inc. (Nasdaq: LMFA) $3.72 42.53%
Second Sight Medical Products Inc. (Nasdaq: EYES) $1.75 42.28%
Globus Maritime Ltd. (Nasdaq: GLBS) $1.47 41.35%
As a result, its share price shot up from $0.92 to $2.52 on Wednesday. The stock pulled back to $1.80 by the end of the week, for a total gain of 135% for the week.
Hot Low Price Stocks For 2019: Oasis Petroleum Inc.(OAS)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Akorn, Inc. (NASDAQ: AKRX) fell 32.7 percent to $13.25 in pre-market trading after Fresenius terminated its merger deal with Akorn.
Chicago Bridge & Iron Company N.V. (NYSE: CBI) fell 15.7 percent to $12.30 in pre-market trading. Subsea 7 confirmed a $7.00 per share proposal to acquire Mcdermott, pending termination of merger agreement with CB&I.
Myomo, Inc. (NYSE: MYO) fell 9 percent to $3.65 in pre-market trading after rising 11.39 percent on Friday.
Hasbro, Inc. (NASDAQ: HAS) fell 8 percent to $88.36 in pre-market trading after the company reported weaker-than-expected results for its first quarter on Monday.
SunPower Corporation (NASDAQ: SPWR) fell 7.1 percent to $9.00 in pre-market trading.
Endeavour Silver Corp. (NYSE: EXK) shares fell 5.9 percent to $2.88 in pre-market trading after declining 3.16 percent on Friday.
Mattel, Inc. (NASDAQ: MAT) shares fell 5.5 percent to $12.25 in pre-market trading.
Valeritas Holdings, Inc. (NASDAQ: VLRX) shares fell 5.1 percent to $2.96 in pre-market trading after rising 76.27 percent on Friday.
GlobalSCAPE, Inc. (NYSE: GSB) fell 5.1 percent to $3.57 in pre-market trading.
Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) shares fell 4.1 percent to $49.93 in pre-market trading.
Oasis Petroleum Inc. (NYSE: OAS) fell 4.1 percent to $9.75 in pre-market trading. SunTrust Robinson Humphrey downgraded Oasis Petroleum from Hold to Sell
- [By Paul Ausick]
Oasis Petroleum Inc. (NYSE: OAS) is rated a Buy and the price target was lifted to $24. For 2017, the net loss estimate improved from a prior $0.27 per share to $0.23 per share. The 2018 EPS estimate rose from $0.62 to $0.64. Shares closed at $14.13 on Friday. The 52-week range is $5.93 to $14.35, and the consensus 12-month target is $17.87.
- [By Jon C. Ogg]
Oasis Petroleum Inc. (NYSE: OAS) rose a whopping 27.8% to $14.98, and the 33.2 million shares was about 2.5 times normal volume. Oasis Petroleum has a 52-week trading range of $3.40 to $15.02 and a consensus analyst price target of $14.54. The company has a total market cap of $3.5 billion.
- [By Lisa Levin]
Shares of Oasis Petroleum Inc. (NYSE: OAS) were down 14 percent to $8.60 after the company reported a 32 million share common stock offering. The company announced Delaware Basin acquisition for $946 million and also raised its Q4 production guidance.
- [By Chris Lange]
Oasis Petroleum Inc. (NYSE: OAS) shares slid on Tuesday after the company announced that it would be buying into the Delaware Basin. Analysts seemed to applaud this move, despite investors sending shares into the fire. Jefferies raised its price target to $14 from $13, and Morgan Stanley raised its target to $11 from $9. RBC has an Outperform rating and raised its target to $14 from $13, while SunTrust Robinson Humphrey downgraded it to Hold from Buy. Shares were down about 14% at $8.67, in a 52-week range of $6.69 to $16.73.
Hot Low Price Stocks For 2019: New York & Company Inc.(NWY)
- [By Money Morning Staff Reports]
After looking at this week’s penny stock gainers, we’ll give you that leg up with one of our top-rated penny stocks from our proprietary stock ranking system…
Penny Stock Current Share Price (March 26) Last Week’s Gain
Cartesian Inc. (OTCMKTS: CRTN) $0.39 170.69%
Odyssey Marine Exploration Inc. (Nasdaq: OMEX) $8.76 135.90%
iFresh Inc. (Nasdaq: IFMK) $8.25 64.64%
China Auto Logistics Inc. (Nasdaq: CALI) $4.68 47.43%
National American University Holdings Inc. (Nasdaq: NAUH) $1.20 39.29%
Document Security Systems Inc. (NYSE: DSS) $1.58 33.91%
Blonder Tongue Labs Inc. (NYSE: BDR) $0.77 33.90%
CareDx Inc. (Nasdaq: CDNA) $7.49 29.88%
Mediwound Ltd. (Nasdaq: MDWD) $5.10 26.51%
New York & Co. Inc. (NYSE: NWY) $3.37 26.35%
Don’t Miss This Shot at a $78,000 Windfall: This tiny firm is about to make the entire world wire-free. As its game-changing technology revolutionizes the global power structure, its stock could hand investors a massive return. Learn more…
- [By Monica Gerson]
New York & Company, Inc. (NYSE: NWY) shares dropped 42 percent to $1.72 after the company reported downbeat Q1 results and issued a weak Q2 forecast.
- [By Lisa Levin]
Shares of New York & Company, Inc. (NYSE: NWY) got a boost, shooting up 13 percent to $2.31 as the company posted upbeat quarterly results.
The GEO Group Inc (NYSE: GEO) shares were also up, gaining 19 percent to $23.27. Following Thursday’s Department of Justice news regarding privately-managed prisons, GEO Group dropped on Thursday, but rebounded Friday after issuing a response to the DoJ.