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J. C. Penney (JCP) Is Testing The Lows After Vornado Reports

J. C. Penney (JCP) gapped open lower Tuesday and has continued to lose ground in early trade. The stock is now down 0.99 at $15.75 and is testing the lows of the year, trading at a 3 1/2 month low.

According to media reports, Deutsche Bank AG will help New York-based real estate investment trust Vornado to sell 10 million shares of J.C. Penney in an unregistered secondary transaction.

by RTT Staff Writer

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