Blame disc extinction. And to make matters worse, on Jan. 31, 2020, J.C. Penney said it received notification from the New York Stock Exchange (NYSE) that it's no longer in compliance with the NYSE's continued-listing criteria. J.C. Penney's comps growth flatlined last year and stayed negative over the past three quarters due to sluggish mall traffic and competition from off-price retailers, superstores, and e-tailers.

Steve Symington It's unclear what percentage of J.C. Penney's inventory is made in China, but for most retailers it's substantial. Earlier this month, J C Penney Company Inc (NYSE: JCP) hit a new 52-week low.

Its just being sensationalized because of Corona virus. Why J.C. Penny Stock Dropped 33.5% in January Between weak holiday sales and the threat of being delisted, the department-store retailer has plenty of work to do.

Investors are clearly happy to see any chance of a turnaround: The stock jumped earlier in the month on news that the company was rolling out a brand of outdoor men's apparel and launching 100 outdoor shops in its department stores, seeking to capitalize on the athleisure fashion trend.Stock Advisor launched in February of 2002.

Stock Advisor launched in February of 2002. 1.9K views

And there's little reason to believe that Penney would be any different since China has made itself the hub of global apparel manufacturing over the last generation. Returns as of 07/29/2020.The stock was up 14.9% as of 12:38 p.m. EDT.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.According to a report by Bloomberg, the retailer and some of its debtholders are close to signing nondisclosure agreements, a preliminary step to holding talks that could allow the company to refinance some of its debt, or to ease the burden in a different way. Returns as of 07/29/2020.The stock was up 14.9% as of 12:38 p.m. EDT.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.According to a report by Bloomberg, the retailer and some of its debtholders are close to signing nondisclosure agreements, a preliminary step to holding talks that could allow the company to refinance some of its debt, or to ease the burden in a different way. Since then, its margins have been pressured and its losses have mounted, leading JCP stock to continually make lower highs and lower lows… As of Monday’s close at 59 cents, the shares have tumbled 43% so far this year. The showing for J.C. Penney's stock is almost as bad as that of dying mall rivalSears Holding Corp. , whose stock has crashed 13.5% in one month's time due to … Specifically, given its plunge following the holiday-sales report, J.C. Penney is in violation of the NYSE requirement that listed companies maintain a consecutive 30-day average closing price of at least $1 per share.As it stands, J.C. Penney will have a chance at convincing investors it's still worthy of a place in their portfolios when it releases fourth-quarter 2019 results (and forward guidance) on February 27, 2020, as well as during its upcoming Analyst Day event on April 7, 2020. Those agreements would allow creditors to see confidential company information that could help inform any renegotiation of J.C. Penney's debt load.Today's news is just a preliminary step toward potentially easing J.C. Penney's debt burden, but the stock has fallen so low that any piece of good news will send it soaring.

Today's news is just a preliminary step toward potentially easing J.C. Penney's debt burden, but the stock has fallen so low that any piece of good news will send it … Either they will have to pay more to import merchandise or move their supply chain out of China.Stock Advisor launched in February of 2002.

If the trade war escalates, tariffs expand, and import tax rates increase, retailers like Penney are likely to suffer. Macy’s stock is down 50% in 2019, markedly lagging the rest of the S&P 500 since January.

Why J.C. Penney Stock Was Falling Today ... Shares of J.C. Penney ... and the stock is at an all-time low now at $0.63. It was just below the previous low hit in mid-August, and JCP stock is now down 58% on the year. J.C. Penney stock (ticker: JCP) set an all-time intraday low of 53 cents on Aug. 13. Today's news is just a preliminary step toward potentially easing J.C. Penney's debt burden, but the stock has fallen so low that any piece of good news will send it …

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