Target announcing they were raising their minimum wage to $10/hour on 4/18 had a much bigger impact on the stock price. Investors couldn’t care less about this other issue. Sorry.
JC Penny’s stock was uup around 89 at its highest, before they put the two gay men with their fake child on the cover and ran a whole story line around the sodomite poofers.
Penny’s stock finally bottomed out, after they shoved Ellen down our throats. It’s sells today for about $9.