Thursday, April 25, 2013

JC Penney Soars on News George Soros Is Shareholder

According to BI Shares of beleaguered retailer JC Penney rose more than 7 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.

Soros disclosed he owns about 17.4 million shares of the Plano, Texas, department store operator in a filing with the Securities and Exchange Commission….

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