Abercrombie & Fitch: Down Goes Another Fashion Retailer

Abercrombie & Fitch Co. ANF shares are trading lower by $4.68 (17 percent) at $20.40 in Thursday's session. It adds to the list of specialty retailers that have disappointed the Street in Q1.

After a lower open, it managed a brief pop to $22.94 before resuming its move lower. So far, it has traded down to $20.30 and is not far off that level.

It has not traded under $20 since November 10, when it bottomed at $19.31. The following day it leaped to $24.37 following a better-than-expected Q3 report.