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.
Source Fool.com