Another weak open on Wall Street; JC Penney slides
Published: November 9, 2012
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FILE -In this Thursday, Nov. 8, 2012, file photo, Robert Nelson II of Barclays, left, and Fady Tanios of Raven Securities work on the floor of the New York Stock Exchange, in New York. (AP Photo/Henny Ray Abrams)
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Among stocks making big moves:
— Online deals company Groupon slumped $91 cents to $3.01 after it said after hours Thursday that it was hurt by the economic problems in Europe and growth failed to meet its expectations.
— J.C. Penney dropped $1.78 to $ 19.91 after the company reported a loss that was larger than investors were expecting. Shoppers have been abandoning the store after it got rid of blockbuster sales in favor of everyday low prices.
— Kayak Software surged $8.22 to $39.26 after the company said yesterday that it had agreed to be bought by Priceline.com Inc.
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