J.C. Penney, Abercrombie & Fitch See Shares Plummet

Penney's stock saw its worst day in more than 30 years of trading, while A&F fell 13 percent after reporting a drop in first-quarter profits.

By Evan Clark

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.

That’s...

J.C. Penney, Abercrombie & Fitch See Shares Plummet

Penney's stock saw its worst day in more than 30 years of trading, while A&F fell 13 percent after reporting a drop in first-quarter profits.

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