November 16, 2012 at 10:59 AM EST
JCP Stands for ‘Johnson’s Continuing Problem’
JC Penney (JCP) hasn’t pulled out of the tailspin that it entered after reporting earnings a week ago; in fact, shares hit a new 52-week low of $15.77 today and were recently down 4.3%. In the past five days, JCP is down 23%. The selloff could be related to Sears’ (SHLD) troubling earnings report late [...]
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