Shares of J.C. Penney Co. Inc. dipped 0.02 percent to close at $14.58 Thursday even after the retailer denied there was any problem with the factoring arm of CIT.
The stock had rebounded in early-morning trading on the New York Stock Exchange following the denial, climbing 3.2 percent to $15.07 and hitting an intraday high of $15.53. More than 27.5 million shares changed hands, compared with a three-month average volume of 9.3 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"