JC Penney Has Largest Percentage Drop Ever
May 16, 2012 at 16:39 PM EDT
In case you were wondering, yes, today’s decline in JC Penney (JCP) shares of $6.57, or 19.7%, to $26.75 was the largest percentage drop in the stock’s history, according to Dow Jones data mavens. The fall came after the company late Tuesday reported a wider-than-expected Q1 loss and suspended its dividend to conserve cash. Barron’s [...]
