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Why J.C. Penney Stock Popped Today

TheMotleyFool

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Shares of J.C. Penney (NYSE: JCP) jumped nearly 14% on Thursday, following share purchases by several of the company's executives.

On Aug. 26, CEO Jill Soltau bought 500,000 shares of J.C. Penney stock at an average price of $0.56. Following the transaction, Soltau owned a total of more than 9.4 million shares of the company's stock, which is currently valued at nearly $6.9 million.

Notably, Chief Merchant Michelle Wlazlo, Chief Customer Officer Shawn Gensch, and Board Director Javier Teruel also purchased J.C. Penney stock in recent days.

Source Fool.com

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