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Men's Wearhouse Back At 2009 Levels After Q3 Report

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Men's Wearhouse Inc (NYSE: MW) shares are trading lower by $4 at $14.57 in Thursday's session. After the close on Wednesday, the company announced inline Q3 earnings but on lower sales. What rattled investors was poor comps for both its Men's Wearhouse and Jos. A. Bank divisions.

Investors were nervous ahead of the report as the issue declined $1.23 to $18.57 in Wednesday's session. The news instigated a sharply lower open and the issue continued lower until finding $13.56 and staging a rally. That takes the issue back to levels it was trading at in March 2009.

 

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