3 Events Driving J.C. Penney Shares Higher
A few pieces of news bumping J.C. Penney upwards.
In the following video, Motley Fool consumer goods analyst Blake Bos gives J.C. Penney(NYSE:JCP) investors three pieces of news pushing the stock up lately. He tells us about one reputable brand the company has made a deal to sell in-house that investors are excited about. He also discusses JCP's plan to refresh some of its workforce at headquarters, and talks about how the company has finally received clearance to raise billions in debt and equity financing, without violating its covenants.