It was announced on July 2^nd that Zamansky LLC has initiated an investigation to look into J.C. Penney Company, Inc. (NYSE:JCP)’s employee savings, stock ownership plan (the “Plan”) and profit-sharing in suspect of possible breach of federal Employee Retirement Income Security Act (“ERISA”). The fiduciary duties are established by ERISA to discreetly invest and manage plan assets. JCP has reportedly violated these duties by offering company stocks despite its imprudent investment. On last trading day stocks of J.C. Penney Company, Inc. (NYSE:JCP) settled at $8.94. Company’s stock institutional ownership was recorded at 67.00%, while the insider ownership contained 0.50%. The total outstanding shares in JCP’s share capital are 304.78billion, out of which total shares of 302.42billion are floated in market.

Wednesday saw a rise in Delta Air Lines, Inc. (NYSE:DAL)’s shares following Deutsche Bank (DB_)’s statement that share prices of the airline are advancing toward “oversold territory,” and “we see an emerging opportunity for long-term investors to add to positions in names that we think are the biggest beneficiaries of consolidation or restructuring.” Stock of Delta Air Lines, Inc. (NYSE:DAL) began the trade day at $37.57, traded up throughout the session to hit $37.83 and finally at the end of the day settled at $36.96. Stock weekly performance stood at -8.31%.

The collaboration between IT teams and Home Depot, Inc. (NYSE:HD) merchandise comes as of Monday when the retailer began showcasing the smartphone-enabled household items including lights and door locks that went on sale in its 2000 U.S. stores. On last trade day, Home Depot, Inc. (NYSE:HD) traded with a volume of 6.98million shares in comparison to the average trading volume of share price 5.77million. Shares began at $81.11, hit the highest price at $81.11 and inched 0.04% lower to finish at $80.73.

The Walt Disney Company (NYSE:DIS), on July 7, announced participants for its startup accelerator program, including 11 companies finalized for the investment and mentorship program. The Techstars funded, Disney Accelerator will be a fifteen week long program providing companies with investment capital of $120,000 for their development, including access to resources and mentorship from across the Walt Disney Company. Stocks of The Walt Disney Company (NYSE:DIS) began at $86.00, attained a maximum price of $87.29 and settled at $87.22. The stocks floated between a day range value of $85.85 – $87.29. The company’s overall market capitalization arrived at $151.05billion. It traded with a total volume of 6.32million shares, greater than 5.85million average volume share price.

Director at Pandora Media (NYSE:P), Robert Kavner, traded 10,000 company’s stock shares in a transaction on July 7^th, 2014. The average selling price of the shares valued $28.29, amounting to a total price of $282,900.00. The director owns a total of 20,669 shares as of the end of the transaction, which approximately holds a value of $584,726. On July 9, 2014 stocks of Pandora Media Inc (NYSE:P) rose 0.19% to close at $25.84. The 52-week range remained $17.54-$40.44. Overall market capitalization is $5.31billion. The company traded with a volume of 6.42million shares, and has outstanding shares of price 205.33million in share capital.

Get Free Updates and Stock Alerts!

*We only send one email per week