Shares of apparel and athletic wear companies are trading lower in sympathy with Foot Locker and Abercrombie, which fell after reporting quarterly earnings.
Portfolio Pulse from Benzinga Newsdesk
Shares of apparel and athletic wear companies are trading lower following Foot Locker and Abercrombie's earnings reports.
August 28, 2024 | 4:23 pm
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NEGATIVE IMPACT
Hanesbrands Inc. shares are trading lower in sympathy with Foot Locker and Abercrombie's earnings reports.
Hanesbrands Inc. is part of the apparel sector, which is affected by the negative earnings reports from Foot Locker and Abercrombie, leading to a decline in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Nike Inc. shares are trading lower in sympathy with Foot Locker and Abercrombie's earnings reports.
Nike Inc., being a major player in the athletic wear market, is experiencing a decline in its stock price due to the negative sentiment from Foot Locker and Abercrombie's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Under Armour Inc. Class C shares are trading lower in sympathy with Foot Locker and Abercrombie's earnings reports.
Under Armour Inc. Class C shares are affected by the overall negative sentiment in the apparel sector due to Foot Locker and Abercrombie's earnings reports.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Under Armour Inc. Class A shares are trading lower in sympathy with Foot Locker and Abercrombie's earnings reports.
Under Armour Inc. Class A shares are experiencing a decline due to the negative impact on the apparel sector from Foot Locker and Abercrombie's earnings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50