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Article posted: 3/5/2013 1:58 PM

J.C. Penney shares fall to 4-year low

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J.C. Penney losses have sent the retailer's stock plummeting.

ASSOCIATED PRESS

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More bad news for J.C. Penney. The struggling department store chain’s already pummeled stock hit a four-year low after media reports said a large shareholder sold of a chunk of its stock. Shares fell 9.7 percent, or $1.63, to $15.11, after briefly reaching a low of $14.99, its lowest price since March 2009.
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