Times have been tough at J.C. Penney Company, Inc. (NYSE:JCP) recently. The stock is down about 60% over the last year, and CEO Ron Johnson- who was backed by billionaire activist Bill Ackman, head of large J.C. Penney Company, Inc. (NYSE:JCP)shareholder Pershing Square- recently departed the company after his turnaround plans were unsuccessful. In fact, in its last fiscal year the $3.6 billion market cap department store experienced a 25% decrease in revenue, including a 28% fall in the fourth quarter of the year, and operating losses of about $1 billion even after adding back restructuring and management transition charges. J.C. Penney Company, Inc. (NYSE:JCP)'s stock price also may have been hit by speculators assuming that Pershing Square will be forced to sell shares in order to maintain its short position in Herbalife (NYSE:HLF). Check out more stocks Pershing Square owns.