After experiencing more than 250% surge in a year, Abercrombie & Fitch Company's (ANF) shares have recently pulled back, with an 18.9% decline in the past month. This downturn followed the announcement about its promotion to the S&P MidCap 400, replacing Equitrans Midstream Corp. (“ETRN”), effective Jul 22, 2024.Simultaneously, Abercrombie was replaced by Gates Industrial Corporation plc (GTES) on the S&P SmallCap 600. Market experts point out that such a promotion to the S&P MidCap 400 often leads to a fal ...