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JCPenney becomes penny stock after shares dip to 97 cents JCPenney just became a penny stock. Shares of the ailing department store chain crashed on Thursday, dipping as low as 92 cents before closing down 7.5 percent, at 97 cents -- the first time they've ever closed below a dollar since the company went public in the late 1970s. The Plano, Texas-based retailer is struggling...
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