Shares of J.C. Penney Co. Inc. rose 1.9 percent Tuesday, to $12.72, after two institutional investors upped their stakes in Penney’s.
According to regulatory filings with the Securities and Exchange Commission, New York City-based Glenview Capital Management said it now holds a 9.1 percent stake in Penney’s, or 20.1 million shares. That makes Glenview the largest institutional stakeholder of Penney’s stock.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"