WASHINGTON (dpa-AFX) - After gapping open sharply lower, shares of J.C. Penney (JCP) continue to see substantial weakness in afternoon trading on Thursday. J.C. Penney is currently down by 24.7 percent after hitting a record intraday low.
The steep drop by J.C. Penney comes after the department store operator reported a wider than expected second quarter loss and cut its full-year earnings guidance.
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