CNNMoney – J.C. Penney has attracted the attention of some top hedge funds as the retailer struggles to turn itself around. Shares of the troubled retailer have risen 35% over the past month, bouncing off their lowest levels in 33 years.
The rebound comes near the end of a brutal year for the company. J.C. Penney shares are down more than 50% in 2013, making it the worst performing stock in the S&P 500.
