3-4-13 5:30 PM EST
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SAN FRANCISCO (MarketWatch) -- Shares of J.C. Penney Co. JCP fell further after hours Monday following a report that Deutsche Bank is shopping around the sale of a large block of shares. J.C. Penney shares fell 5.4% to $15.83 in after-hours activity, on top of a 5.4% decline intraday Monday. CNBC reported that Deutsche Bank is offering a 10-million block of the retailer's stock. Out of the 219 million shares outstanding, Pershing Square Capital Magaement owns the most with 39.1 million shares. Dodge & Cox owns 20.2 million, Vornado Realty Trust
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