By  on October 24, 2013

Investor concerns following a report about widening of credit default swap spreads sent shares of J.C. Penney Co. Inc. down 4.1 percent to $6.75 in Big Board trading Thursday.

Credit ratings agency Fitch Solutions said the retailer’s five-year credit default swap spreads had widened, and noted that this underscores “continued investor concern as the retailer struggles to find its footing.”

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