There has been a special report made available for the stocks of J.C. Penney Company, Inc. (NYSE:JCP). According to the report of the analysis made available, the stocks of J.C. Penney Company Inc have suffered a huge low in its trading history of 52 weeks. But the stocks have changed rapidly bringing a capitalization in the market. Basically, J.C. Penney Company Inc is a retailer and is operating around 1,102 departmental stores in 49 states. The business of this company is to sell different kinds of merchandises and services to the consumers through their departmental stores and also with the help of their website.
About the company
J.C. Penney Company Inc is a chain of departmental stores similar to Macy’s and Kohl’s. It makes available unique form of services and merchandises for the consumers. They can purchase them various departmental stores or can also buy them with the help of J.C. Penney Company Inc website. J.C. Penney is a recognizable brand and is also loved by the consumers, but due to one reason or the other it has become flecked with time.
Is J.C. Penney the next Best Buy?
As the shares of J.C. Penney Company Inc have been falling 30 year low, they are now being compared with the shares of Best Buy which quadrupled since last December. Best Buy is another electronics retailer. But talking about the current or present position of both the companies in the market, they are somewhat the same. Both are troubled retailers and are engaged in performing serious turnaround efforts.
J.C. Penney Company Inc going bankrupt
According to the information made available from a source, J.C. Penney Company Inc had appointed a bankruptcy counsel lately. There are also reports made available in which there has been a warning issued to the investors that the company might be going bankrupt.