J.C. Penney Stock Hits Lows Not Seen Since 2001

Troubled department store J.C. Penney saw its stock continue to drop on Wednesday after its announcement on Monday of a new marketing chief. Penney's stock was down another 48 cents, or 3.6 percent, to close Wednesday at $12.80. That came on top of a loss of 54 cents on Tuesday. The last shares closed that low was in 2001. The company will post its latest earnings report on Aug. 20. Penney's has been reeling since former CEO Ron Johnson's strategy to