Radar Movers: J.C. Penney Sinks 5%, Apple and Nike Climb Higher
Shares of JPMorgan Chase (NYSE:JPM) edged slightly higher on Thursday. In advance of the upcoming IPO, Twitter has recruited two additional banks, J.P. Morgan Chase & Co. and Morgan Stanley, to help lead its coming initial public offering, reported inside sources, who elaborated that the banks will join Goldman Sachs Group Inc., which up until now has been collaborating solely with Twitter to ready its confidential IPO filing and will remain in the top role. The firm announced its still-private filing with a tweet earlier in September. Twitter’s IPO might happen in November, said the sources, and that the secret IPO filing was made weeks before the tweet.