Stocks Update: J C Penney Company Inc (JCP), Micron Technology, (MU)


J C Penney Company Inc (NYSE:JCP)

Stock’s Trading Stats:

J C Penney Company Inc (NYSE:JCP) is trading down with a percentage change of -3.36% and is at $9.69 right now. The Company’s market capitalization stands at $3.07 Billion in the current trading Session whereas, its outstanding shares are 306.88 Million.

Recent Press Release:

J C Penney Company Inc (JCP) is introducing Boutique+(TM), its first-ever plus-size fashion brand designed exclusively for the full-figured woman. To celebrate its debut in 500 stores and at beginning May 1, JCPenney will partner with Project Runway® winner Ashley Nell Tipton who will serve as brand ambassador and design two upcoming capsule collections. Boutique+ is a plus-size lifestyle collection designed for the fashion minded millennial shopper. The new line was conceived and created by a dedicated team of JCPenney design, trend and product experts who ensure the colors, prints and fabrics of Boutique+ flatter and fit curvy silhouettes. The addition of Boutique+ to the Company`s private brand portfolio will give a new generation of women more reasons to shop JCPenney.

Starting this spring, designer Ashley Nell Tipton, Project Runway® season 14 winner, will serve as a brand ambassador providing her expertise on plus-size style for the millennial woman. Tipton has the distinction of being the first designer to present a plus-size collection during the Project Runway® finale. For fall and holiday, she will introduce an exclusive JCPenney capsule collection, “Ashley Nell Tipton for Boutique+,” marking the first time that her designs have been made available by a national retailer.

Micron Technology, Inc. (NASDAQ:MU)

Stock’s Trading Stats:

Micron Technology, Inc. (NASDAQ:MU) is declining -3.22% percent and is at $10.53 in the Real-Time trading session. The stock’s market capitalization stands at $11.68 Billion with outstanding shares of 1.04 Billion.

Recent Press Release:

Micron Technology, Inc. (MU) on April 14 announced that it intends to offer, subject to market and other considerations, $1 billion aggregate principal amount of senior secured notes due 2023 (the “Notes”) through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.

Micron intends to use the net proceeds from the offering for general corporate purposes, including to fund capital expenditures, working capital, and to pay related fees and expenses.

The notes will be senior secured obligations of Micron and are expected to be guaranteed by one of Micron’s domestic subsidiaries.  The interest rate, redemption provisions and other terms of the Notes will be determined by negotiations between Micron and the initial purchasers.