Why Ross Stores Lost 15% in May

Shares of Ross Stores (NASDAQ: ROST) took a dive last month after the off-price retailer turned in a disappointing first-quarter earnings report. According to data from S&P Global Market Intelligence, the stock fell 15% in May. 

As you can see from the chart below, the stock plunged on May 20 after the earnings report came out, though it recouped some of those losses over the rest of the month.

Continue reading

Source Fool.com