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JC Penney Tumbles as its CEO heads to Lowe’s

Stock Market Data Today
  • JC Penney chief executive Marvin Ellison will be the new CEO of Lowe's.
  • Shares of the embattled chain sank as much as 8%.
  • Follow JCP stock in real-time here.

Shares of JC Penney fell as much as 8% in early trading Tuesday after it was announced that CEO and chairman Marvin Ellison resigned and is headed to Lowe’s home improvement chain...

Mentions: Bloomberg Lowe's CEO