Is the smart money flooding into J.C. Penney (JCP)? Two new hedge funds have taken a position in...

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

Is the smart money flooding into J.C. Penney (JCP)? Two new hedge funds have taken a position in the embattled retailer to follow George Soros and longtime JCP investor Bill Ackman, according to the New York Post. Details on the who and how much should be revealed in SEC filings within weeks. JCP +1.3% premarket.