Another Hedge Fund Exits; J.C. Penney Down Another Day
December 05, 2013 at 15:08 PM EST
J.C. Penney (JCP) is having a really bad week. For the second straight session, the troubled department store stock fell sharply, dropping almost 9% today to $8.81on reports that another hedge fund manager has exited the stock. Hayman Capital Management’s Kyle Bass told Bloomberg Television today that his hedge fund has sold its stake in [...]