What’s Moving These Hot Stocks: J. C. Penney, Chesapeake, Ford, Staples, Citigroup
J. C. Penney Company, Inc. (NYSE:JCP): Stacey Widlitz proposes that J.C. Penney’s Q1 blowup may be the result of consumers just liking retailer deals, as the Ron Johnson-led tactic of no longer featuring promotions resulted in far lower store traffic. Although the company anticipates new brands’ debuts, investors may not want to wait. Shares of the retailer traded at $28.42 recently, down $4.90 or 14.71%.
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Chesapeake Energy Corporation (NYSE:CHK): Bloomberg reports that the natural gas pipeline partnership between Chesapeake Midstream (NYSE:CHKM) and parent company Chesapeake Energy is secure if the latter has a “liquidity event,” according to Midstream CEO Mike Stice. CHK shares traded up $0.2 (1.37%) recently, at $14.85.
Ford Motor Co. (NYSE:F): The 2013 Ford Explorer will have auto-dimming mirrors with camera-based driver-assist systems supplied by Gentex (NASDAQ:GNTX), Gentex reported. Ford shares traded at $10.38 recently, up $0.23 or 2.27%.
Staples, Inc. (NASDAQ:SPLS): Q1 North American retail sales at Staples plateaued at $2.3B, and Q1 International Operations sales fell 8% to $1.2B. The company’s shares traded down $0.85 (5.76%) recently, at $13.90.
Citigroup, Inc. (NYSE:C): A usual year-end engineering review by Citibank resulted in a bank line of credit increase to $11.0M to FieldPoint Petroleum’s (AMEX:FPP) borrowing base available to the company. Citigroup shares traded up 1.4% ($0.39) recently, at $28.18.
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