J.C. Penney Falls as Same-Store Sales Trail Estimates
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J.C. Penney Co. fell the most in more than four months after posting fourth-quarter same-store sales that rose less than analysts estimated.
The shares fell 11 percent to $5.08 at the close in New York, the biggest decline since Sept. 27. J.C. Penney has slid 74 percent in the past 12 months.