Why American Eagle Outfitters' Stock Is Trading Lower Today

American Eagle Outfitters AEO shares are trading lower on Wednesday, after the company suspended its buyback program and deferred payment of its first-quarter dividend.

American Eagle Outfitters is an American lifestyle clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania.

American Eagle Outfitters shares were trading down 16.07% at $7 on Wednesday. The stock has a 52-week high of $24.30 and a 52-week low of $6.62.

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