On Monday, Shares of J C Penney Company Inc (NYSE:JCP), added 4.04% and closed at $9.52 in the last trading session. The last trading range of the stock ranges between $9.08 and $9.97. The company’s Market capitalization is $3.05 Billion with the total Outstanding Shares of 307.73 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.00 and reached to max level of $11.99. The EPS of company is strolling at -1.08. J. C. Penney Company, Inc. (JCP) recently declared financial results for its third quarter ended Oct. 29, 2016. Comparable sales were (0.8) % for the third quarter, providing a two-year stack of 5.6 %. Net loss improved 42 % as compared to the prior year to $(67) million.
“We are happy to see strong sales performance in the growth programs we talked about at our most recent analyst meeting. The results of these programs are reflected in a positive sales comp in the month of October, driven by over 200 basis points of comp benefit from our 500 new appliance showrooms. We view our October sales results – specifically our acceleration in the last two weeks of the month – and the benefit from appliances as examples of what we expect for the balance of the fourth quarter. Despite experiencing softness in apparel sales, we are continuing to improve the bottom line of our business thanks to the commitment and hard work of our over 100,000 Associates.”
Shares of Mentor Graphics Corp (NASDAQ:MENT), jumped 18.29% and closed at $36.29 in the last trading session. The last trading range of the stock ranges between $36.25 and $36.55. The company’s Market capitalization is $4.00 Billion with the total Outstanding Shares of 108.16 million. During the 52-week trading session the minimum price at which share price traded, registered at $16.10 and reached to max level of $36.55. The EPS of company is strolling at 0.54. Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the projected sale of Mentor Graphics Corp (“Mentor” or the “Company”) (MENT) to Siemens AG (SIE.DE). Under the terms of the projected transaction, shareholders of Mentor will receive only $37.25 in cash for each share of Mentor that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.