WASHINGTON (dpa-AFX) - After gapping open sharply lower, shares of J.C. Penney (JCP) continue to see significant weakness in afternoon trading on Friday. J.C. Penney is currently down by 17.8 percent after hitting a record intraday low.
The initial sell-off by J.C. Penney came after the department store operator reported a wider than expected second quarter loss despite better than expected revenues.
Copyright RTT News/dpa-AFX