American Eagle Outfitters (AEO)
American Eagle Outfitters (AEO) is falling below support from its October and January lows after recently suffering a series of analyst downgrades after issuing disappointing forward guidance earlier this month.
AEO stock has fallen 13% year-to-date, and conditions aren’t exactly looking up for the stock. The company is looking for a “high single digit decline” in same-store sales in the first quarter amid challenging conditions.
That’s hardly a unique problem, but it will put further pressure on AEO stock.