Potential Martha dump impacts JCPenney stock
September 6, 2013,
JCPenney's stock opened at $14.40 this morning but had come down to $14.26 at mid-day. MSLO's stock opened at $2.34 today, bounced around a bit, and was at about the same price at mid-day.
In yesterday's anonymously source story, the Post reported that JCPenney is severing its relationship with Stewart due to underwhelming sales - and to end an alliance that prompted Macy's to file suit against MSLO, with which it has an exclusive for Stewart-branded products in several home categories.
A ruling in that suit is expected soon.