J.C. Penney's stock just crashed below $1 [DailyFinance (AOL.com)]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: DailyFinance
AOL Logo J.C. Penney's stock just crashed below $1 Share Brian Sozzi May 23rd 2019 11:53AM You can’t even buy a pair of underwear at J.C. Penney ( JCP J.C. Penney’s stock crashed below $1 on Thursday, falling as much as 7.7% to an intraday low of $0.93. At its current trading level of about $0.94, J.C. Penney’s stock has the unwelcome distinction as being the lowest ever for the retailer. With J.C. Penney’s earnings report this week raising more questions than giving answers, it’s no surprise investors are dumping and heading for higher ground. J.C. Penney’s outlook is bleak Most sources Yahoo talked with about J.C. Penney this week have all voiced a similar concern — the company may have zero chance of survival even under relatively new and well-regarded CEO Jill Soltau. The logic is simple. J.C. Penney has let its customers down for so long amid frequent management turnover that they may never return in the crowds needed to sustain the indebted retailer’s operations. Moreover, J.C.
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