Recent S.E.C. filings show several respected institutions have taken a major position in J.C.Penney stock in the recent past. A clear vote in support of CEO Ron Johnson’s strategy. Adding it all up, 76% of the shares are accounted for by long-term oriented institutions leaving only 24% in effective float. Typically, a small float causes stocks to fluctuate more when news is disseminated.
Recent S.E.C. filings show several respected institutions have taken a major position in J.C.Penney stock in the recent past. A clear vote in support of CEO Ron Johnson’s strategy. Adding it all up, 76% of the shares are accounted for by long-term oriented institutions leaving only 24% in effective float. Typically, a small float causes stocks to fluctuate more when news is disseminated.
