JC Penney Soars on News George Soros Is Shareholder

From BI: Shares of beleaguered retailer JC Penney rose more than 7 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.

Soros disclosed he owns about 17.4 million shares of the Plano, Texas, department store operator in a filing with the Securities and Exchange Commission….

Read all about it at http://www.businessinsider.com/soros-reports-stake-in-jcpenney-2013-4