According to sources, "at least" two major hedge funds have amassed significant stakes in J.C. Penney, the New York Post reports. One of the investors is a hedge fund worth over $10B, which has picked up a passive stake of 5%-10% in the troubled retailer. The positions will be revealed in securities filings by mid-May, a source says.
Stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed …