Investing

Week's Biggest Winners, JC Penny And Nine Others

Shares in JC Penney (NYSE: JCP) rose 14.5% for the week as the faltering retailer appointed Ron Johnson, who has run Apple’s (NASDAQ: AAPL) retail stores as its next CEO. The market should be troubled by the role that long-time chief Myron Ullman will play as executive chairman. The description of his duties is vague enough to beg the question of who is in charge.

Shares of Lorillard (NYSE: LO) moved higher by 10% because it appears that regulations of menthol cigarettes will not tighten. Shares of VF Corp (NYSE: VFC) also rose 10% as it bought retailer Timberland for $2 billion.

Douglas A. McIntyre

S&P 500 WEEK TOP 10

(10 JUN – 16 JUN)

Ticker Weekly Price Change (%) Close Price 16Jun11 Close Price 10Jun11 Market Cap ($Mil)
J. C. Penney Company Inc. JCP 14.5 34.27 29.92 7405.7
Lorillard Inc LO 10.0 109.85 99.85 15786.0
V.F. Corp VFC 10.0 100.96 91.80 11044.8
CarMax Inc KMX 7.2 28.76 26.84 6495.5
Tyson Foods Inc. TSN 5.6 18.08 17.12 5595.6
Best Buy Co. Inc. BBY 5.6 30.01 28.43 11665.4
Tenet Healthcare Corp THC 5.4 6.23 5.91 3049.9
Fastenal Co FAST 4.8 32.46 30.97 9571.2
HCP Inc HCP 4.7 36.69 35.03 14897.1
Cabot Oil & Gas Corp COG 4.5 60.43 57.83 6312.9
Source: Capital IQ