Movers roundup: J.C. Penney, Hess
Movers roundup: J.C. Penney shares rise as it brings back discounts; Hess shares rise
Among the stock activity stories for Tuesday, Jan. 29, from AP Business News:
— J.C. Penney Company Inc. shares jumped after the retailer's CEO said it would bring back some of the big discounts it ditched last year in a bid to woo back shoppers.
— Hess Corp. shares rose on news that investment firm Elliott Management is pushing a slate of five outsiders for the oil and gas producer's board.
