Investor Beat: J.C. Penney's big move
Shares of the retailer plunge after the company fires its CEO.
Shares of Level 3 Communications (LVLT) rise after Deutsche Bank initiates coverage with a buy rating. Trading in Herbalife (HLF) is halted after the company’s auditor resigns. Cliffs Natural Resources (CLF) gains ground on the news that inflation in China is slowing. And Starwood Property Trust (STWD) declines after the real estate company announces a secondary stock offering. Our analysts discuss some of the day's big movers and shakers.
And in our final segment, our analysts explain why they're watching Family Dollar (FDO) and CarMax (KMX).
I would shop there again if they brought back St Johns bay for women. What they replaced it with is cheaply made trash.
They pissed off their core customers and they need to suck up to them now.
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The company is scrambling to protect its equities arm, which could face declining volume and revenue as competitors close the gap.
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