Because the operating retailer is privately held, regular public investors cannot purchase shares of the ongoing company. NYSE to Suspend Trading in J. C. Penney Company, Inc. (JCP)
The active JCPenney retail business is now a private company. It was acquired out of bankruptcy by a consortium led by mall owners Simon Property Group and Brookfield Asset Management. is jcp a good stock to buy
If you see any residual OTC quotes for "Old Copper Co" (the liquidated shell company), buying them is extremely risky and heavily discouraged. Retail investors are almost entirely guaranteed to receive no returns. Because the operating retailer is privately held, regular
You cannot buy the original stock on any major exchange. Penney Company, Inc
Under the final court-approved bankruptcy plan, the old common shares were canceled and deemed to have no value. Original shareholders lost their entire investment and do not own any part of the surviving private company. 🚫 Why You Cannot (and Should Not) Buy It
The historic ticker "JCP" was suspended and delisted from the New York Stock Exchange in May 2020 after the company filed for Chapter 11 bankruptcy. 📌 Current Status of JCPenney
The pre-bankruptcy stock briefly traded on over-the-counter (OTC) markets under the ticker JCPNQ .