02:52 PM EDT, 08/25/2016 (MT Newswires) -- J.C. Penney (JCP) rose 0.3% in Thursday's afternoon trade after the company disclosed in a regulatory filing its chairman of the board Marvin R. Ellison has purchased 50,000 shares at $9.92 per share, for about $495,900.
Following the transaction, Ellison will hold 2,557,3127 shares, an increase of 2%.