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Why J.C. Penney Stock Slipped Today

TheMotleyFool

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After three straight days of huge gains, J.C. Penney (NYSE: JCP) shares were moving in the wrong direction today after a rally sparked by its launch of a men's outdoor apparel brand, a short squeeze, and a general rotation into value stocks came to an end.

As a result, J.C. Penney stock finished the day down 11.2%.

Image source: J.C. Penney.

Source Fool.com

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