Mike Ullman does not own a single share of J.C. Penney stock# Stock
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Over the past six months, J.C. Penney insiders have sold 10,000,000 shares.
A more surprising and telling statistic, however, is that Mike Ullman
himself -- the man who has been tasked with bringing the failing retailer
back to life -- does not own a single share of J.C. Penney stock (Ownership
Statement). This should raise a great deal of concern for investors, as it
shows that those closest to the company's results and strategy are not
willing to put forth their own funds to invest in the ailing retailer.
A more surprising and telling statistic, however, is that Mike Ullman
himself -- the man who has been tasked with bringing the failing retailer
back to life -- does not own a single share of J.C. Penney stock (Ownership
Statement). This should raise a great deal of concern for investors, as it
shows that those closest to the company's results and strategy are not
willing to put forth their own funds to invest in the ailing retailer.
