J.C. Penney Surges After Ackman Reiterates Belief in CEO Johnson

J.C. Penney Surges After Ackman Reiterates Belief in CEO Johnson

Daniel Acker/Bloomberg

J.C. Penney, with more than 1,000 locations and $17.3 billion in sales last year, is expected to report second-quarter earnings on Aug. 8.