Why Under Armour, Foot Locker, and American Eagle Stocks All Slumped Today
Retailers (and retailers of clothing and footwear in particular) took it on the chin in Monday trading that saw stocks initially fall, then gain back some losses, but ultimately end in the red, with the S&P 500 down almost precisely 1%.
By the close of trading, shares of Under Armour (NYSE: UA)(NYSE: UAA) had shed 6.6% of their market cap, while both Foot Locker (NYSE: FL) and American Eagle Outfitters (NYSE: AEO) had lost 7.6%.
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Source Fool.com
