Bondholders Trade JC Penney Higher After Earnings, Ignoring Share Decline |
| May 15, 2015 | May 2015 Bond Updates |
|
Bonds backing J.C. Penney advanced today, and credit protection cheapened, after the retailer reported better-than-expected quarterly results. Shares dropped, however, with JCP trading on the NYSE roughly 7% lower, at $8.07. |
| View more at: http://www.forbes.com/sites/spleverage/2015/05/14/jc-penney-bonds-gain-on-earnings-loan-investors-eye-call-protection/ |
| Related News |