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Abercrombie & Fitch Co. (NYSE:ANF) shares are trading lower by $0.70 (4.7 percent) at $11.26 in Wednesday's session.
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The company will report Q4 earnings before the open on Thursday. Some investors are fearing the worst for the struggling retailer including possible store closures, huge lease termination fees resulting in empty stores and poor retail sales figures.
The stock's dime lower opening tick of $11.86 has turned out to be high for the session. The ensuing decline took the issue to $10.97, but has now rebounded back into the $11.00 handle. That low comes in just above its 17-year low made in January at $10.91.