Just Hold
Technical Analysis - check the differences between JCP price movement and Macy's or TJX. those two seem that they have already digested the coronavirus and they are ready to change direction (When?? we do not know). JCP keeps going down
Fundamental Analysis:
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.
Neiman Marcus and Preppy retailer J. Crew I think that they filed for Bankruptcy this week.
Technical Analysis - check the differences between JCP price movement and Macy's or TJX. those two seem that they have already digested the coronavirus and they are ready to change direction (When?? we do not know). JCP keeps going down
Fundamental Analysis:
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.
Neiman Marcus and Preppy retailer J. Crew I think that they filed for Bankruptcy this week.