JC Penney Tumbles as its CEO heads to Lowe’s
- 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...