TITLE

Penney's Shares Hit 52-Week Low

PUB. DATE
August 2013
SOURCE
WWD: Women's Wear Daily;8/30/2013, Vol. 206 Issue 44, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the performance of shares of chain of department stores J.C. Penney Co. Inc. at intraday trading on August 29, 2013. Closing stock price was posted at 12.26 U.S. dollar per share which was reportedly lower than the price of shares sold by Pershing Square Capital Management of Penney's former board member, William Ackman. It also offers a background of the conflict Ackman had with the Penney's board that led to his resignation and sale of his shares.
ACCESSION #
90360002

 

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