Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Supernova12]

Bottom line is institutions and hedge funds are still holding JCP and even adding...JCP has leaned itself out but still has retained about 600 of their stores. "The department store chain, which is expected to close 242 stores for good, also won rent relief as it tries to avoid liquidation. The company won't have to pay rent for June or July until July 13 for the roughly 600 stores it's not permanently closing, Judge David Jones ruled." https://www.usatoday.com/story/money/2020/06/12/jcpenney-bankruptcy-store-closures-2020-list-liquidation-sale/5327167002/
JCP is down, but not out...the referee hasn't stopped the fight just yet.