L Brands Inc. Lower For Eighth Day In A Row

L Brands Inc.

shares are trading lower by $2.60 at $61.18 in Thursday's session. Although the company beat lowered Q1 expectations by $0.04, the Street is concerned with lower guidance fo Q2 and the FY 2016. Since the company warned on May 5, the shares have tumbled from its May 4 close of $80.19, It has traded lower in eight consecutive sessions and in nine of its last ten. Off the opening bell, it bottomed on its opening print ($60) and began to move higher. The ensuing rally came up shy of Wednesday's close ($63.78), only reaching $63.32. The current low coincides with its August 11 low of $60.02.