Photographer: Saul Martinez/Bloomberg
A strategic mistake made six years ago by celebrity CEO Ron Johnson continues to haunt popular retailer JC Penney, as evidenced by the ongoing sluggish sales growth and store closings that have made the company smaller—a fraction of what it once was.
Meanwhile, investors have been bailing out from the company’s stock, which trades in the middle single digits — a long way from the upper 30s, where it was trading back in 2012.
JC Penney’s woes began with a change in the retailer’s pricing strategy –replacement of coupon sales with everyday low prices.
The old pricing strategy has been popular among retailers, because it hypes shoppers, making them feel smart and encouraging them to talk with other consumers about it. That’s how hype and buzz for merchandise begins and spreads in the shopper community.
Top 5 Low Price Stocks To Buy Right Now: Airgas Inc.(ARG)
- [By Stephan Byrd]
Argentum (CURRENCY:ARG) traded 3.6% lower against the US dollar during the one day period ending at 19:00 PM ET on May 27th. In the last week, Argentum has traded 2.8% lower against the US dollar. Argentum has a total market capitalization of $1.66 million and approximately $610.00 worth of Argentum was traded on exchanges in the last day. One Argentum coin can currently be purchased for about $0.17 or 0.00002374 BTC on popular cryptocurrency exchanges including Cryptopia and CoinExchange.
Top 5 Low Price Stocks To Buy Right Now: Gogo Inc.(GOGO)
- [By Paul Ausick]
Gogo Inc. (NASDAQ: GOGO) traded down more than 34% Tuesday to post a new 52-week low of $5.46 after closing Monday at $8.33. The stock’s 52-week high is $14.76. Volume was about 10 times the daily average of around 1.1 million shares. The in-flight WiFi provider had its credit rating downgraded and its outlook cut to negative this morning.
- [By ]
Gogo Inc (Nasdaq: GOGO) reported record quarterly results in February with revenue up 18% over last year’s fourth quarter. The company missed high expectations for earnings, sending shares tumbling towards a 52-week low. Short sellers have piled on selling 53% of shares available and pushing the cover ratio up to 16 days.
- [By Logan Wallace]
Gogo (NASDAQ:GOGO) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Check-Cap Ltd. (NASDAQ: CHEK) shares dipped 47.8 percent to $4.60. Check-Cap priced its upsized underwritten offering of public units at $5.50 per unit.
VivoPower International PLC (NASDAQ: VVPR) shares fell 41.5 percent to $2.57.
Universal Electronics Inc. (NASDAQ: UEIC) dropped 35.1 percent to $29.50 after the company posted downbeat quarterly results.
Euro Tech Holdings Company Limited (NASDAQ: CLWT) dropped 34.8 percent to $3.75 after climbing 155.56 percent on Thursday.
Integrated Media Technology Limited (NASDAQ: IMTE) fell 25.2 percent to $24.01 after surging 46.29 percent on Thursday.
Fluor Corporation (NYSE: FLR) dropped 22.5 percent to $45.73 after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year.
AMN Healthcare Services, Inc (NYSE: AMN) shares fell 19.6 percent to $52.075 following Q1 earnings.
Adverum Biotechnologies, Inc. (NASDAQ: ADVM) shares declined 18.1 percent to $5.20. Adverum Biotech disclosed that its CEO Amber Salzman is stepping down.
Newater Technology, Inc. (NASDAQ: NEWA) dropped 17.2 percent to $12.83.
Basic Energy Services, Inc. (NYSE: BAS) fell 17.2 percent to $13.65 following Q1 results.
Xperi Corporation (NASDAQ: XPER) declined 15.8 percent to $19.40 after announcing Q1 results.
Sharing Economy International Inc. (NASDAQ: SEII) shares fell 15.1 percent to $3.649 after climbing 22.16 percent on Thursday.
Performant Financial Corporation (NASDAQ: PFMT) dropped 14.2 percent to $2.65.
Gogo Inc. (NASDAQ: GOGO) shares fell 13.2 percent to $8.32 after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow.
Technical Communications Corporation (NASDAQ: TCCO) dropped 12.2 percent to $5.05.
Web.com Group, Inc. (NASDAQ: WEB) fell 9.7 percent
- [By Max Byerly]
Gogo (NASDAQ:GOGO) last issued its earnings results on Friday, May 4th. The technology company reported ($0.34) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.24. The firm had revenue of $231.83 million during the quarter, compared to analyst estimates of $221.48 million. The firm’s revenue was up 40.2% compared to the same quarter last year. During the same period last year, the business earned ($0.52) EPS. analysts predict that Gogo Inc will post -2.21 earnings per share for the current fiscal year.
- [By Dan Caplinger]
The stock market dealt with continued volatility on Tuesday, with investors uncertain how to react to a mix of earnings and geopolitical news. Throughout most of the day, market participants were trying to predict whether the Trump administration would move forward with its plans to withdraw the U.S. from the nuclear deal with Iran, and major benchmarks stayed in a relatively tight range with a downward bias during the morning and early afternoon. After the expected announcement, the Dow fell to a triple-digit loss late in the afternoon, but it recovered by the end of the session. Adding to the gloominess was bad news regarding some key individual stocks. DISH Network (NASDAQ:DISH), Gogo (NASDAQ:GOGO), and Hertz Global Holdings (NYSE:HTZ) were among the worst performers on the day. Here’s why they did so poorly.
Top 5 Low Price Stocks To Buy Right Now: Iridium Communications Inc(IRDM)
- [By Nicholas Rossolillo]
Investors in satellite telecom Iridium Communications (NASDAQ:IRDM) reacted positively after the company reported good results to kick off 2018. Iridium’s new satellite constellation is nearing completion, but the company is already reaping benefits.
- [By Max Byerly]
Iridium Communications (NASDAQ: IRDM) and Inseego (NASDAQ:INSG) are both small-cap computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, dividends, risk and profitability.
- [By Max Byerly]
Prudential Financial Inc. decreased its holdings in shares of Iridium Communications Inc (NASDAQ:IRDM) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,187,699 shares of the technology company’s stock after selling 75,910 shares during the period. Prudential Financial Inc. owned approximately 1.08% of Iridium Communications worth $13,361,000 as of its most recent SEC filing.
- [By Ethan Ryder]
Iridium Communications (NASDAQ:IRDM) last announced its earnings results on Thursday, April 26th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $119.10 million during the quarter, compared to the consensus estimate of $111.60 million. Iridium Communications had a net margin of 44.81% and a return on equity of 5.19%. Iridium Communications’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. sell-side analysts forecast that Iridium Communications Inc will post 0.11 EPS for the current year.
- [By Stephen Mack]
Iridium Communications Inc. (Nasdaq: IRDM) provides communication where land-based services won’t do. This includes communications for construction and utilities applications, or among aviation fleets for commercial and government purposes. It includes maritime applications, from fishing and merchant shipping to research vessels. And it includes communications for the U.S. Department of Defense, ranging from emergency communications in the field to keeping soldiers in touch with people back home.
Top 5 Low Price Stocks To Buy Right Now: Brink's Company (BCO)
- [By Max Byerly]
BridgeCoin (CURRENCY:BCO) traded 8.5% lower against the dollar during the 1 day period ending at 15:00 PM ET on July 1st. BridgeCoin has a market cap of $29.27 million and approximately $9,187.00 worth of BridgeCoin was traded on exchanges in the last 24 hours. One BridgeCoin coin can currently be bought for $1.08 or 0.00017157 BTC on popular cryptocurrency exchanges. Over the last week, BridgeCoin has traded 34.1% higher against the dollar.
- [By Joseph Griffin]
BridgeCoin (CURRENCY:BCO) traded 7.5% lower against the US dollar during the one day period ending at 17:00 PM Eastern on June 15th. One BridgeCoin coin can currently be bought for $1.24 or 0.00019057 BTC on major exchanges. In the last week, BridgeCoin has traded down 33.1% against the US dollar. BridgeCoin has a market cap of $33.52 million and approximately $15,787.00 worth of BridgeCoin was traded on exchanges in the last day.
- [By Ethan Ryder]
Brink’s (NYSE:BCO) shares shot up 16.2% on Thursday after Buckingham Research raised their price target on the stock from $5.14 to $110.00. Buckingham Research currently has a buy rating on the stock. Brink’s traded as high as $82.45 and last traded at $79.25. 2,991,171 shares changed hands during trading, an increase of 539% from the average session volume of 467,825 shares. The stock had previously closed at $68.20.
Top 5 Low Price Stocks To Buy Right Now: Seaboard Corporation(SEB)
- [By Ethan Ryder]
Willis Investment Counsel lifted its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 8.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 524 shares of the company’s stock after acquiring an additional 41 shares during the period. Willis Investment Counsel’s holdings in Seaboard were worth $2,235,000 as of its most recent filing with the SEC.