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J.C. Penny Surges on Same-Store Sales

 (Image source: investorplace)

J.C. Penney Company, Inc. (NYSE:JCP) is surging in currently trading on better same-store sales for September. Sales for September were only down 4 percent, which was far below what analyst thought. Online sales in the third quarter compared to last year have doubled to 18.6 percent.  September online sales were up 25.3 percent compared to same period a year ago. Maybe a turnaround is underway for the company. The stock is trading above 4 percent!