Billionaire crony capitalist Geogre Soros disclosed today in an SEC filing that he has bought a 7.9 percent stake in J.C. Penney.
Penney’s shares rose nearly 7 percent in after-hours trading.
Two weeks ago Ron Johnson was pushed out as CEO after 17 months on the job. . Penney’s shares fell more than 50 percent during the tenure of Johnson
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