<p><keyword id="371410" type="COMPANY" weightage="60" keywordseo="J-C-Penney">J.C. Penney</keyword> has begun its public offering of 84 million shares, reports Bloomberg.</p>
<p>Shares of the troubled department store chain are down by around 5% following the news.</p>
<p>More to come...</p>
<p>Here's the after-hours action via <a href="http://www.marketwatch.com/investing/stock/jcp">MarketWatch.com</a>.</p>
<p><div class="KonaFilter image-container"><div class="image on-image"><img src="http://static4.businessinsider.com/image/5244a277eab8eab40b8b456a-982-420/screen%20shot%202013-09-26%20at%205.08.46%20pm.png?maxX=800" border="0" alt="jc penney" width="800" /><p class="source">MarketWatch</p></div><p></p></div></p>

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JC Penney Announces Massive Share Offering, Stock Tanks

J.C. Penney has begun its public offering of 84 million shares, reports Bloomberg. Shares of the troubled department store chain are down by around 5% following the news. More to come... Here's the after-hours action via MarketWatch.com. MarketWatch

JC Penney Announces Massive Share Offering, Stock Tanks

Sam Ro

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