J.C. Penney hits 12-year lows

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C Penney (JCP -13.6%) falls on heavy volume as the bad news for the retailer keeps piling up.

Cleveland Research says its channel checks show JCP's Q3 sales are weak and isn't predicting positive comparable store sales growth for Q4.

Goldman Sachs has its hands deep into the J.C. Penney mess with loans and investment banking advice, but that isn't stopping the firm from issuing a dire report this morning that's tipping sentiment.

Bill Ackman left the JCP party early - but George Soros, Glenview Capital, and Mark Cuban are still around to turn off the lights.