New York City-based JCPenney is up 10.8% in the past 24 hours.
The stock closed at $26.99 on Friday.JCPenneys stock price has gained more than 1,200% in 2017.
The company reported an adjusted profit of $9.4 billion in the second quarter, up from $1.1 billion a year earlier.
J.C. Penney stock price fell 4.5% on Friday, to $22.99, after the company said it was recalling 5 million boxes of the iconic red-and-white striped shirt, which were shipped in January.
The company said customers should return the items to JCPens stores within 60 days of receiving them.
The recall is expected to be completed by the end of the month.
The recall affected over 5.4 million pairs of jalapeños, which JCPs products include in its holiday collections.