Why American Eagle Outfitters Shares Fell 10% This Week
American Eagle Outfitters (NYSE: AEO) shareholders lost ground to a rising market this week. The stock fell 10% through Thursday trading compared to a 1.3% rally in the S&P 500, according to data provided by S&P Global Market Intelligence.
The slump added to significant short-term losses for owners of the apparel retailer, as shares are down about 30% so far in 2022. Declines can be tied to the fact that investors are growing more concerned about its short-term growth and earnings outlook.
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Source Fool.com
