Why Revolve Group Stock Just Dropped 12.5%

Revolve Group (NYSE: RVLV) stock is in freefall today -- but the selling actually started yesterday.

Shares of the online fashion retailer are down 12.5% as of 1:10 p.m. EDT Friday after TheFly.com reported the sale of a 4 million-share "block" of Revolve stock last night. According to the market watcher, someone offered to sell the shares at any price ranging from $19.50 to $19.70 -- and the shares ultimately did sell this morning for $19.50.

Image source: Getty Images.

Continue reading

Source Fool.com