JC Penney Is Getting Punished
Advertisement
JC Penney is having a terrible day in the market.
Advertisement
Wednesday, Goldman Sachs released a report casting serious doubt on the embattled retailer's ability to finance itself.
Then, Thursday, after the closing bell, the company announced a secondary offering of 84 million shares.
Today, the stock is down 14%.
The chart below shows the damage.
Advertisement
Advertisement
- Promising new brain-reading tech can decode internal speech, but can it give Musk’s Neuralink a run for its money?
- Rupee rises 4 paise to 83.47 against US dollar in early trade
- Markets rally for 4th day running in early trade
- Behavioral Economics in Marketing
- 6 reasons why you should visit Ladakh this summer