Options Bears Blast Tumbling Urban Outfitters Stock
URBNUrban Outfitters(URBN) Schaeffers Investment Research·2024-08-22 22:30

Urban Outfitters Inc (NASDAQ:URBN) stock is down 12.9% at $36.13 at last glance, despite the retailer's better-than-expected second-quarter earnings and revenue, after disappointing comparable sales numbers. To follow, Telsey Advisory downgraded the stock to "market perform" from "outperform." This is notable considering the majority of analysts are already bearish, with 10 of the 12 in coverage now carrying a "neutral" rating. Today's bear gasp has Urban Outfitters stock trading at its lowest levels since ...