Why Victoria's Secret Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Victoria's Secret shares fell 11% due to a sharp decline in first-quarter EPS. Other stocks experienced significant gains and losses during Thursday's mid-day session, with Reunion Neuroscience, U Power, and Wearable Devices among the top gainers, while DZS, E-Home Household Service, and Aridis Pharmaceuticals were among the top losers.
June 01, 2023 | 4:58 pm
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Victoria's Secret shares fell 11% due to a sharp decline in first-quarter EPS.
Victoria's Secret reported a sharp decline in first-quarter EPS, which led to an 11% drop in its share price. This decline in earnings is a negative signal for investors, causing them to sell the stock and leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100