J.C. Penney, Inc. (JCP) Bust On Secondary Offering

J.C. Penney Company, Inc. (NYSE:JCP) shares have been trading wildly in recent days as the market tries to predict whether or not the firm is going to survive the Winter in its current form. This morning the company revealed that one of its senior executives resigned from the company last week. Stock dropped by more than 8% in morning trading. Citigroup Inc (NYSE:C) analyst Deborah Weinswig retains her price target of $7 on the company’s stock in a new report. Mark Sweeney, Senior Vice President and Controller, at J.C. Penney Company Inc. (NYSE:JCP) resigned from the company last week. The development…