J. C. Penney (JCP) Declines, Stock Nears 52-Week Lows
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Perry Corp Snaps Up 3M of Ackman's J.C. Penney (JCP) Shares
August 30, 2013 1:58 PM EDTIn an amended 13D filing on J.C. Penney Co., Inc. (NYSE: JCP), hedge fund Perry Corp confirmed its acquired 3,000,000 of Bill Ackman's shares at $12.90, bringing its stake to 8.62%, or 19,000,000 shares.
From Filing:
"On August 30, 2013, one of the Perry Funds acquired... More
BTIG Makes Comments on J. C. Penney (JCP) Cash
August 29, 2013 10:39 AM EDTBTIG made comments on Buy-rated J. C. Penney (NYSE: JCP) today. Analyst William Frohnhoefer discussed the retailer cash position, the subject of recent debate. The report noted that J. C. Penney's is likely to end the year with $1.5 billion in liquidity, as previously suggested.
"We learned on the conference call that... More
