Investors continued to back away from shares of J.C. Penney Co. Inc. Thursday, sending them to a new 52-week low on heavy volume.
Shares closed down 52 cents, or 8.3 percent, at $5.77 after reaching their nadir for the past year, $5.69, in the final hour of trading. Volume was over 55.8 million shares, more than 75 percent above average for the last 90 days. Shares have lost 36.9 percent of their value since the end of 2013, and 21.7 percent since the company issued a statement on Jan. 8 saying it was “pleased” with its holiday performance without providing specific numbers. Even since disclosing plans on Jan. 15 to close 33 underperforming stores, at a cost of 2,000 jobs, shares have contracted 17.7 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)