Abercrombie & Fitch Co. ANF shares are trading lower by $2.54, or 20 percent, at $9.62 in Monday's session. Investors are exiting the stock since it was announced before the open that the company was no longer in talks for a potential sale.
See Also: Abercrombie No Longer In Talks For Sale
After a much lower open, Abercrombie only managed a nickel bounce to $10.84 before continuing its move lower. It has made numerous new lows for the day, with the current one standing at $9.57 as of 10:45 a.m. ET.
The stock is now trading at levels not seen since June 2000, when it bottomed at $8.38.
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