By  on November 12, 2012

Investors are turning up the pressure on J.C. Penney Co. Inc.

Shares of the chain dropped 12.9 percent to $17.97 Monday — the worst close since March 2009. The decline followed Penney’s 4.8 percent fall Friday, when the company revealed third-quarter losses of $123 million and a 26.1 percent same-store sales decline.

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