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J.C. Penney (JCP) volatility flat as investors bid up shares on new President from Apple

June 21, 2011 11:56 AM EDT
J.C. Penney (NYSE: JCP) is recently up $1 to $36.19. Citigroup Global Markets has a 12-month price target of $45. Overall option implied volatility of 38 is near its six-month average according to Track Data, suggesting non-directional price movement.


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