Thursday, April 25, 2013

Soros Buys a 7.9% Stake in J.C. Penney

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

No comments:

Post a Comment