Shareholder Trying to Dump Giant JCPenney Stake
Publishing timestamp: 2013-03-04 22:27:32
Summary
Deutsche Bank is shopping a 10 million share block of JCPenney, with an asking price between $16.40 and $16.60. JCPenney shares are down 16 percent this year after a 28 percent slide in fourth quarter sales, testing the patience of investors waiting for a turnaround from CEO Ron Johnson.
Sentiment: NEGATIVE
Tickers: CPPRQ,
Keywords: business news, old copper company inc,
Source: https://www.cnbc.com/2013/03/04/shareholder-trying-to-dump-giant-jcpenney-stake.html