WWD.com/business-news/financial/greece-fears-weigh-on-european-stocks-5912220
financial
financial

May 16, 2012

J.C. Penney Stock Hit Hard by Loss

Shares of the reinventing retailer down 17.6 percent in midday trading.

By
with contributions from Arnold J. Karr
financial/news

J.C. Penney Co. Inc.’s stock fell 19.7 percent to $26.75 Wednesday as investors balked at the company’s $163 million first-quarter loss and the elimination of its dividend.


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