J.C. Penney Stock Drops As Investors Worry About 4Q Comps
J.C. Penney Company, Inc. (NYSE:JCP) released a six line press release saying that it is “pleased with its performance for the holiday period, showing continued progress in its turnaround effort,” but instead of assuring analysts that all is well, the lack of detail has everyone convinced that same store sales (comps) were down . . .
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