Maxim Group Downgrades J.C. Penney To Sell, Shares Decline

Analysts at Maxim Group downgraded J.C. Penney Company

from Hold to Sell. J.C. Penney shares have dropped 4.50% over the past 52 weeks, while the S&P 500 index has gained 13.21% in the same period. J.C. Penney's shares slipped 2.62% to $7.44 in pre-market trading.