NYSE:JCP
It is too risky to invest now in this stock.
Technical Analysis shows a bearish market, that could move sideways if an agreement with the lenders will be found, otherwise it might file for bankruptcy and most likely all the money invested will be lost.
Fundamental Information.
The company, once worth billions, is now valued at just $79 million, with the stock trading for pennies on the dollar.
J.C. Penney could file for bankruptcy as soon as May 15.
It is in talks to fund its business during the bankruptcy process.
One option is a $300 million to $500 million loan, which is far short of the $1 billion the company had hoped for.
It is too risky to invest now in this stock.
Technical Analysis shows a bearish market, that could move sideways if an agreement with the lenders will be found, otherwise it might file for bankruptcy and most likely all the money invested will be lost.
Fundamental Information.
The company, once worth billions, is now valued at just $79 million, with the stock trading for pennies on the dollar.
J.C. Penney could file for bankruptcy as soon as May 15.
It is in talks to fund its business during the bankruptcy process.
One option is a $300 million to $500 million loan, which is far short of the $1 billion the company had hoped for.