J.C. Penney (JCP) trades weak in premarket action, down 4.3%, with Credit Suisse chiming in with...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP) trades weak in premarket action, down 4.3%, with Credit Suisse chiming in with a dour reiteration of its Underperform rating and Morgan Stanley chipping away at profit estimates on the retailer. Any kind of short-term trading in JCP looks as dangerous as ever with longs (Vornado, State Street, Pershing Square) and shorts (60M) duking it out.