Bill Ackman JC Penney: Ackman Sells Entire JC Penney Stake

By Zachary Stieber
Zachary Stieber
Zachary Stieber
Reporter
Zachary Stieber covers U.S. news, including politics and court cases. He started at The Epoch Times as a New York City metro reporter.
August 26, 2013 Updated: July 18, 2015

Investor Bill Ackman has sold his entire stake in J.C. Penney.

Ackman’s hedge fund Pershing Square was the largest shareholder in the retailer’s stock, with 39.1 million shares, or 18 percent of shares outstanding, reported CNBC on Monday.

The sell comes two weeks after Ackman, 47, left J.C. Penney’s board.

J.C. Penney’s stick was down 15 cents, or 1.11 percent on Monday.

Zachary Stieber
Zachary Stieber
Reporter
Zachary Stieber covers U.S. news, including politics and court cases. He started at The Epoch Times as a New York City metro reporter.