By  on February 4, 2014

Shares of J.C. Penney Co. Inc. fell to a 52-week low after investors realized that the early update on comparable-store sales perhaps wasn’t so positive after all.

Penney’s said Tuesday that it recorded a 2 percent comps gain for the fourth quarter, the first time since the second quarter of 2011 that the retailer has posted a positive quarterly sales result. It noted that for the nine weeks of November and December, the comps growth was a gain of 3.1 percent.

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