Why J.C. Penney, Genworth Financial, and MGM Resorts International Slumped Today [The Motley Fool]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: The Motley Fool
Even though the market gained ground, these stocks fell. Find out why. Dan Caplinger ( TMFGalagan ) Oct 2, 2017 at 4:44PM Monday was a good day for the stock market, as the Dow Jones Industrials hit another record high and major market benchmarks were generally up modestly. Despite several tragic events in the news, market participants still felt optimistic enough about the prospects for American businesses to bid share prices up. Yet some downbeat news regarding several companies put a crimp in their share prices. J.C. Penney ( NYSE:JCP ) , Genworth Financial ( NYSE:GNW ) , and MGM Resorts International ( NYSE:MGM ) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly. Penney deals with retail sluggishness J.C. Penney fell almost 6% on a poor day for the retail
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