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JCPenney Shares Are Getting Destroyed

Rob Wile   

JCPenney Shares Are Getting Destroyed

JCPenney's nightmarish free fall continued Thursday. Its stock is down 17 percent in the first few minutes of trading.

The latest earnings release yesterday set off alarm bells among investors as the company reported a massive net loss and said same-store sales were crumbling.

Here's where the stock opened this morning:

jcp

Yahoo

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