WASHINGTON (dpa-AFX) - After gapping open sharply lower, shares of J.C. Penney (JCP) continue to see considerable weakness in late-day trading on Thursday. J.C. Penney is currently down by 11.9 percent after hitting its lowest intraday level in six months.
The initial sell-off by J.C. Penney came after the department store chain reported a narrower than expected first quarter adjusted loss but cut its full-year earnings guidance.
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