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Ackman sells stake in JC Penney

Tue 27 Aug 13 | 06:33 AM ET
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Ackman sells stake in JC Penney

Tue 27 Aug 13 | 06:33 AM ET
Hedge fund manager Bill Ackman is selling all of his holdings in JC Penney, reports CNBC's Courtney Reagan. And Dana Telsey, Telsey Advisory Group CEO, explains why Ackman's move was "disruptive," and discusses whether Wall Street will give the retailer time to reverse course and show positive momentum.

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Earnings Retail
 
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