Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why J.C. Penney Stock Was Sinking Today

TheMotleyFool

0 0

Shares of J.C. Penney (NYSE: JCP) were diving for the second time this week after the struggling department store chain received a warning from the New York Stock Exchange for being out of compliance with its standards. The NYSE requires companies listed with it to have an average trading price above $1 over a 30-day trading period.

Penney's stock fell below $1 on July 19, and has stayed below the key benchmark since. Today, it fell another 12.1% and was trading at just $0.61 as of 11:58 a.m. EDT.

Image source: Getty Images.

Source Fool.com

Like: 0

JCP

Share