NEW YORK (TheStreet) -- Shares of J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report closed higher in Thursday's trading session after CEO Marvin Ellison purchased 50,000 shares today, according to an SEC filing.
The stock was bought at a weighted average price of about $9.92 a share, according to the filing.
J.C. Penney is a Plano, TX-based retailer.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
J.C. Penney's strengths such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income are countered by the fact that the company has favored debt over equity in the management of its balance sheet.
You can view the full analysis from the report here: JCP
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.