Mid-Day Movers: JCPenney (NYSE:JCP) and Himax Technologies (NASDAQ: HIMX)

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JCPenney (NYSE:JCP) stock were rallying on Tuesday following speculations floated on Twitter that CEO Ron Johnson was moving down his post at the helm of the under pressure retailer.

The firm closed up having to issue a memo regarding Johnson's status at the firm. It refused all the speculations in a statement to Bloomberg News: Ron Johnson is not moving out or giving from J.C. Penney (JCP) and he has no intentions to do so, a representative reported. The speculations were false.

How these all rumors started at JCPenney? Find out in this report

It looked out be spurred by initial reports that the board was thinking over removing Johnson following dreadful numbers over the previous year. Previous JCPenney CEO Allen Questrom named his support for the exodus of Johnson very openly also.

How Himax was treated by experts on Tuesday? Find out here

Himax Technologies (NASDAQ: HIMX) was lowered by equities research experts at Nomura from a “buy” rating to a “neutral” rating in a research note published to investors on Monday.

Inpendently, experts at Bank of America reiterated a “buy” rating on stock of Himax Technologies (HIMX) in a research note to investors on Friday, February 8th. They now possess a price target of $3.80 on the stock, up formerly from $3.35.

Himax Technologies shares opened at 4.50 on Tuesday. Himax Technologies has a 52 week low of $1.47 and a 52 week high of $4.95.

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