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J.C. Penney (JCP) volatility flat; shares have recently trended lower after spike on Apple exec named CEO

July 14, 2011 9:15 AM EDT
J.C. Penney (NYSE: JCP) price target was lowered to $28 from $32 with an Underweight rating maintained at Morgan Stanley. J.C. Penny overall option implied volatility of 39 is near its six-month average of 37 according to Track Data.


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