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J. C. Penney (JCP) Has Dropped To A New Low After Q2 Loss

J. C. Penney (JCP) reported a second quarter adjusted loss of $0.09 per share Friday morning, compared to the loss of $0.05 per share last year. Analysts expected a loss of $0.05 per share.

J. C. Penney gapped open sharply lower this morning and is now down 0.71 at $4.00 on above average volume. The stock has dropped below support and has set a new low for the year.

by RTTNews Staff Writer

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