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Re: qwertytrader post# 1614

Friday, 11/15/2013 11:40:19 AM

Friday, November 15, 2013 11:40:19 AM

Post# of 1842
J.C. Penney up after Appaloosa buys stake

"NEW YORK (MarketWatch) -- J.C. Penney Co. JCP +5.64% shares rose 4.7% on Friday after hedge fund manager David Tepper's Appaloosa Management said in a regulatory filing it bought 737,800 shares of J.C. Penney shares, valued at $6.5 million. The struggling retailer, in the midst of an attempted turnaround, is a hot debate among bull and bear investors."

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