Investors Unsure About JCPenney’s Breakup With Martha Stewart and 2 Other Hot Stocks to Watch
J.C. Penney & Co. (NYSE:JCP): Current price $14.48
One day following the iconic retailer’s breakup with Martha Stewart, investors do not seem decided as to whether the move was the right thing to do with the stock moving back and forth from red to green in Friday trading. Penney shares have moved up by about 1 percent, while Macy’s Inc. are down 0.67. A report in The New York Post on Thursday said that Penney’s has concluded its relationship with the Martha Stewart brand, which comes while a decision is due in a legal case between all three companies.