J.C. Penney Company, Inc. Surprises on Sales Figures, Jumps on Wall Street

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J.C. Penney Company, Inc. Surprises on Sales Figures, Jumps on Wall Street

Today’s top midday gainers are J.C. Penney Company, Inc. (NYSE:JCP), ICICI Bank Ltd (ADR) (NYSE:IBN) and Autodesk, Inc. (NASDAQ:ADSK). The losers are Kamada Ltd (NASDAQ:KMDA), Voltari Corp (NASDAQ:VLTC) and Enzymotec Ltd (NASDAQ:ENZY).

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J.C. Penney jumps +14.22%

J.C. Penney Company, Inc. (NYSE:JCP) jumped +14.22% today, rendering it this Friday’s top midday gainer. Its better-than-expected sales figures for Q1 are behind the surge of this George Soros asset.

Fund Manager Profile: Zhang Hui Of China’s Southern Asset Management

investHistorically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More

The stock price of India’s largest private lender, ICICI Bank Ltd (ADR) (NYSE:IBN), increased +9.21%. News of two new savings accounts products and an increase in operating profits prompted the jump for this Steve Mandel pick.

Also posting a results-inspired gain is Autodesk, Inc. (NASDAQ:ADSK). The Tiger Global pick increased +6.46% after its report, which showed increases in subscriptions, revenues and profits.

Kamada Plummets on Trial Failure

News of failure in a key trial for its top drug sent Israeli drug-maker Kamada Ltd (NASDAQ:KMDA)’s share price down, falling -33.43%. KMDA is part of John Paulson’s holdings.

Voltari Corp (NASDAQ:VLTC), a Carl Icahn, had a rough start to the day as well. Its price dipped -16.42%.

Last up is Enzymotec Ltd (NASDAQ:ENZY), down -8.15% after a ratings downgrade and target price cut. Another Paulson asset, Enzymotec is down -52.33% YTD.

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