Why American Eagle Outfitters, Groupon, and MGM Resorts International All Fell Sharply Today
Shares of retailer American Eagle Outfitters (NYSE: AEO) and casino operator MGM Resorts International (NYSE: MGM) both fell as much as 5% in morning trading on Tuesday. Groupon (NASDAQ: GRPN), which describes itself as an "experiences marketplace," fell even more, dropping around 7% at one point early in the day.
With no particular news out of any of these companies, the big story driving the declines today is most likely the new variant of the coronavirus, omicron, that has started to spread around the world. But the finer details are kind of interesting when it comes to this trio.
Image source: Getty Images.
Source Fool.com
