Diamonds and Dogs
2/28/13
J.C. Penney Company Inc. (JCP)J.C. Penney is getting beat up once again, down 16.97% at $17.57. The retail company saw its shares get crushed after a massive loss for its fourth quarter. J.C. Penney announced a loss of $552 million or $2.51 per share for the quarter. Management announced that revenue fell 24.8 percent to $12.98 billion. Results for the company's full year were significantly worse, with a loss of nearly a billion dollars, $985 million to be exact. J.C. Penney shares have dropped nearly 60 percent since January 2012. The company is managing to stay above its 52-week low of $15.69.
Wireless Ronin Technologies Inc. (RNIN)
Wireless Ronin is exploding today, up 108.78% at $4.28. The technology company saw its shares skyrocket after news that it would align with Samsung Electronics to provide new smart signage displays. Samsung's Smart Signage displays include a built-in CPU that powers an Internet connection and a new open-source media player, allowing for cloud-based video playback and interactive content delivered by RoninCast software, without needing a separate device. The technology provided by Wireless Ronin will allow for cleaner and simpler display installation, which will save Samsung both time and money when installing these displays in their products. Wireless Ronin is trying to climb up above its 52-week high of $5.65.
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