J.C. Penney (JCP) Stock Pressured, Again
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J. C. Penney Company, Inc. (NYSE: JCP) stock declined on Friday. Investors are once again concerned about the retailer's cash position, as same-store-sales and margins expectations fail to impress.
Earlier this week, the stock was downgraded by analysts at Citi, and rumors CIT is reluctant to extend credit to J. C. Penney weighed on the stock, though J. C. Penney denied these rumors and stated it continues to have ample liquidity to manage its business. None the less, investors are concerned and the stock remains pressured.
Earlier this week, the stock was downgraded by analysts at Citi, and rumors CIT is reluctant to extend credit to J. C. Penney weighed on the stock, though J. C. Penney denied these rumors and stated it continues to have ample liquidity to manage its business. None the less, investors are concerned and the stock remains pressured.
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