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May 16, 2012

J.C. Penney Stock Hit Hard by Loss

Shares of the reinventing retailer down 17.6 percent in midday trading.

By
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.


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