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Abercrombie & Fitch Co. (NYSE: ANF) shares are trading lower by $2.25 (13 percnet) at $14.68 in Friday's session. The catalyst for the sharp decline is a Q3 EPS miss long with a revenue shortfall of $8 million. On top of that, sales comps were down 6 percent.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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After a sharply lower open, it rallied only $0.25 to $15.30, before continuing its downward descent. So far, the ensuing decline has reached $14.65 and the issue has been unable to distance itself from that low.
If the decline continues, there may not be not any major support until its November 9 low ($14.00).