Why J.C. Penney Stock Was Falling Today
Shares of J.C. Penney (NYSE: JCP) were tumbling today for the second day in a row. On Monday, when the ailing department store's stock gave up 5.6%, it largely was due to the broad-market sell-off on news of the deteriorating trade situation with China. But today's decline came on a morning when the S&P 500 was up slightly, signaling that J.C. Penney investors were skittish for reasons beyond the China saga.
As of 11:26 a.m. EDT, the stock was down 6.9%.
Image source: J.C. Penney.
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