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Why American Eagle Stock Fell Hard on Wednesday

TheMotleyFool

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Why American Eagle Stock Fell Hard on Wednesday

Shares of American Eagle Outfitters (NYSE: AEO) were sharply down on Wednesday, as investors were spooked by less-than-encouraging data related to the ongoing COVID-19 pandemic. The stock closed the day down 6%.

Long-term American Eagle shareholders must feel they just can't catch a break. While the stock has recovered over 60% since lows hit in April, it's still down 38% from 52-week highs.