Ralph Lauren shares are trading lower in sympathy with PVH, which dropped after issuing weak Q1 guidance.
Portfolio Pulse from Benzinga Newsdesk
Ralph Lauren shares are trading lower due to weak Q1 guidance issued by PVH, indicating a negative market reaction in sympathy.
April 02, 2024 | 11:09 am
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NEGATIVE IMPACT
PVH issued weak Q1 guidance, causing its stock to drop and negatively affecting Ralph Lauren's stock in sympathy.
PVH's announcement of weak Q1 guidance has led to a decrease in its stock price, which has also negatively impacted Ralph Lauren's stock due to their similar market and product spaces.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Ralph Lauren's stock is trading lower following PVH's announcement of weak Q1 guidance.
Ralph Lauren's stock decline is directly attributed to the negative market sentiment generated by PVH's weak Q1 guidance. As companies in the same sector, investor sentiment towards one can affect the other.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80