JC Penney stock hits an all-time low

JC Penney shares hit an all-time low Friday after the department store chain reported a bigger-than-expected quarterly loss, stoking anxiety on Wall Street about the future of shopping malls. Penney’s stock dropped as low was $ 3.85 in Friday morning trades, the lowest level since the company went public in 1978. Shares recently were changing hands…

Full Story Via Business | New York Post

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