Orlando, FL -- (SBWIRE) -- 09/27/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On J.C. Penney Company, Inc.(NYSE:JCP), Rite Aid Corporation (NYSE:RAD).
J.C. Penney Company, Inc.(NYSE:JCP) shares jumped 2.96% to $10.42. JCP is looking to raise as much $750 million to $1 billion in new equity to build up its cash reserves as the holiday season approaches, according to three people with knowledge of the matter on Sept. 25.
Additionally, Vornado Realty Trust (VNO.N) on Sept. 20 has sold its 13.4 million shares in J.C. Penney Co Inc (JCP.N) for $13 a share, ending a three-year investment in the struggling department store operator it had pushed to renew itself. Vornado, which had told investors last week it would soon sell its stake, owned 6.1 percent of shares, which it sold in a block trade to Citigroup Global Markets Inc, according to a regulatory filing.
Are investors worried about the recent updates with JCP? Find out with a free trend analysis HERE
Rite Aid Corporation (NYSE:RAD) shares declined 2.25% to $4.78. The company on Sept. 26 has been named the first national retail partner of text4baby, the nation's only free text messaging service for pregnant women and mothers of infants under age one. Rite Aid is bringing its broad consumer reach and reputation as a trusted community health care provider to support text4baby in connecting more women to important health and safety information. In celebration of the new partnership and its ongoing commitment to maternal and child health, Rite Aid is providing 10,000 free flu shots to text4baby mothers this flu season*.
Additionally, the company on Sept. 19 reported operating results for its fiscal second quarter ended Aug. 31, 2013. The company reported revenues of $6.3 billion, net income of $32.8 million or $0.03 per diluted share, and Adjusted EBITDA of $341.6 million, or 5.4 percent of revenues.
Revenues for the 13-week quarter were $6.3 billion versus revenues of $6.2 billion in the prior year second quarter. Net income was $32.8 million or $0.03 per diluted share compared to last year's second quarter net loss of $38.8 million or $0.05 per diluted share.
Is RAD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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