Kohl's Stock Eyes Worst Day Ever After Surprise Loss
Kohl’s(KSS) Schaeffers Investment Research·2024-05-30 22:45
Kohl's Corp (NYSE:KSS) announced a surprise loss and revenue miss for the first quarter. The retailer also cut its annual sales forecast due to weaker demand, despite discounts and brand variety. Kohl's stock was last seen down 26.4% at $20.08, trading at its lowest level since October as it paces for its worst single-day percentage drop on record. The shares are down more than 28% for 2024, and are trading below recent support stemming from the 20-day moving average. Short sellers are already firmly in con ...