Women’s Wear Daily
04.16.2014
fashion-scoops
fashion-scoops

Mark Cuban Now a J.C. Penney Investor

The billionaire investor and entrepreneur said in an interview on CNBC Friday that he has acquired 1 million shares of the retailer.

fashion-scoops/news
Most Recent Articles In Fashion Scoops
Most Recent Articles In Fashion Scoops More Articles By

CUBAN NOW A PENNEY’S INVESTOR: Billionaire investor and entrepreneur Mark Cuban, who is also the owner of the NBA team the Dallas Mavericks and an investor on the television show “Shark Tank,” said in an interview on CNBC Friday that he has acquired 1 million shares of J.C. Penney Co. Inc.


Shares of Penney’s closed up 0.4 percent to $14.27 in trading on the Big Board Friday. The stock has steadily risen in the last few days, following investments by institutional investors Glenview Capital Management, Hayman Capital Management and Perry Corp.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Fashion


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or