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TheStreet Wire

J.C. Penney Stock Falls On Unusually High Volume (JCP)

By TheStreet Wire 06/19/12 - 03:29 PM EDT

Find out if (JCP) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- J.C. Penney (NYSE:JCP) is trading at unusually high volume Tuesday with 27.9 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.94 (-8%) at $22.38 as of 3:05 p.m. ET.

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J.C. Penney has a market cap of $5.44 billion and is part of the services sector and retail industry. Shares are down 30.8% year to date as of the close of trading on Monday.

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores in the United States and Puerto Rico. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings.

TheStreet Ratings rates J.C. Penney as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full J.C. Penney Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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