Why Retailers American Eagle Outfitters, The Children's Place, and Overstock.com Fell 13% or More This Week
Shares of online retailer Overstock.com (NASDAQ: OSTK) fell just shy of 15% at one point this week according to data from S&P Global Market Intelligence. Not far behind were American Eagle Outfitters (NYSE: AEO) and The Children's Place (NASDAQ: PLCE), which were both off by as much as 13% at one point during the week.
At the start of trading on Friday Dec. 17, all three of these retailers were sitting with steep weekly losses. Overstock.com had clawed back a few percentage points, ending the day on Dec. 16 with a 12% weekly decline. The Children's Place was just a little over 12% lower. And American Eagle Outfitters was just a tenth of a point off of its worst levels of the week.
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Source Fool.com
