JCPenney (JCP) Shares Sink 14% Following Concerning Q1 Report

May 15, 2012 4:10 PM EDT
JCPenney (NYSE: JCP) shares are down almost 14 percent in Tuesday's after-hours session following a very rocky Q1 report and news the company will be suspending its dividend. After closing this afternoon's session at $33.32, the stock is now around $28.70.


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