Orlando, FL -- (SBWIRE) -- 10/03/2013 -- 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), Alcoa Inc (NYSE:AA).
J.C. Penney Company, Inc.(NYSE:JCP) shares dropped 0.34% to $8.72. Robbins Geller Rudman & Dowd LLP ("Robbins Geller") (http://www.rgrdlaw.com/cases/jcpenney/) on Oct. 1 announced that a class action has been commenced in the United States District Court for the Eastern District of Texas on behalf of purchasers of J.C. Penney Company, Inc. ("JCPenney") (NYSE:JCP) common stock during the period between August 20, 2013 and September 26, 2013 (the "Class Period").
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
Alcoa Inc (NYSE:AA) shares declined 1.84% to $8.02. The company on Sept. 23 was awarded Metal Bulletin's top innovation prize for the company's breakthrough technology enabling the production of more aluminum-intensive vehicles. Alcoa's invention, an aluminum bonding technology, won "Best Product Innovation" of 2013 at the publication's Global Awards for Aluminium Excellence in Geneva.
Additionally, Alcoa’s stock on Oct. 1 is downgraded to Sell from Hold with a $5.50 price target, down from $9, at Deutsche Bank, which cites a deteriorating outlook stemming from lower aluminum prices.
Is AA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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