J.C. Penney's Jumping

J.C. Penney Company, Inc.

shares just started soaring after news broke that the company hired Apple's

Ron Johnson to become JCP President. The news was cited from the Wall Street Journal and Dow Jones. At last check, shares of J.C. Penney were up $1.54 to $31.65, a gain of 5.11% on almost 1 million shares. J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores in the United States and Puerto Rico.