3 Reasons J.C. Penney's Stock Has Crashed

If a stock price is supposed to predict a company's future profits, then J.C. Penney's bottom line could be under siege for most of the year

Author:: TheStreet Staff
Publish date:: May 2, 2017 5:47 AM EDT

If a stock price is supposed to predict a company's future profits, then J.C. Penney's (JCP) - Get Report bottom line could be under siege for most of the year.

Shares of the department store have plunged nearly 13% to $5.38 over the last month, badly underperforming the S&P 500's 0.7% gain. The stock is at its lowest level in more than 10 years, according to Yahoo Finance data.

The showing for J.C. Penney's stock is almost as bad as that of dying mall rivalSears Holding Corp. (SHLD) , whose stock has crashed 13.5% in one month's time due to fears of it going out of business. Macy's (M) - Get Report shares have stayed relatively steady as Wall Street holds out hope that new CEO Jeff Gennette could turn the retailer around.

TheStreet takes a brief look at what may be sparking concerns among investors on J.C. Penney.

This article was written by a staff member of TheStreet.