J.C. Penney: Sell-Off On Nordstrom News Appears Overdone [Seeking Alpha]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: Seeking Alpha
J.C. Penney: Sell-Off On Nordstrom News Appears OverdoneSummaryNordstrom's attempt to go private appears to be running into some difficulties.This has sent J.C. Penney's stock down significantly along with other department stores.This doesn't make much sense though, since J.C. Penney hasn't been the subject of acquisition speculation and thus shouldn't have a related share price premium built in.
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