By and  on August 8, 2019

Shares of J.C. Penney Co. Inc. have fallen below the price threshold required to stay on the New York Stock Exchange, another sign of trouble at the $12 billion chain. 

The retailer’s average share price over the past month has been 90 cents, according to S&P Capital IQ, putting the stock in jeopardy of being delisted. The clock is now ticking for Penney’s to pull up its average closing share price over a 30-day period to above $1 to remain listed on the NYSE. The stock closed at just 69 cents Thursday despite a 9.1 percent gain for the day. 

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