Call Traders Blast Surging Apparel Stock After Earnings
AEOAmerican Eagle Outfitters(AEO) Schaeffers Research·2024-03-07 23:41

American Eagle Outfitters Inc (NYSE:AEO) is up 6.7% at 25.03atlastcheck,aftertheapparelretailerbeattop−andbottom−lineestimatesforthefourthquarter.Strongdemandforitsproductsduringtheholidayseasonandfewerdiscountscontributedtotheupbeatresults.AmericanEaglestockispacingforitsbestsingle−daypercentagegainsinceNovember,earliernotchingafreshtwo−yearhighof25.03 at last check, after the apparel retailer beat top- and bottom-line estimates for the fourth quarter. Strong demand for its products during the holiday season and fewer discounts contributed to the upbeat results. American Eagle stock is pacing for its best single-day percentage gain since November, earlier notching a fresh two-year high of 26.44. The stock has continued to climb since bouncing off support at its 60-day moving average in early F ...