TGT - Why Signet Jewelers Abercrombie & Fitch and RH All Fell Double Digits Today
Shares of Signet Jewelers (NYSE: SIG) were off by as much as 10.5% at one point on May 18. Abercrombie & Fitch (NYSE: ANF) was lower by almost 12% at its worst. And RH (NYSE: RH) pulled up the rear of this trio, with a decline of as much as 12.5%. All three were off their worst levels of the day by roughly 3:30 p.m. ET, but were still holding on to steep losses. The big story? Target (NYSE: TGT) .
Emotions have been running high on Wall Street lately. All it takes is falling short of expectations for a stock to get slammed. Target, which reported earnings that were well short of consensus, plunged as much as 28% today. Investors read into the company's results, noting that it is something of a bellwether name in the retail sector , and sold off just about anything that has to do with retail, including both retailers and companies that produce things that retailers sell.
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Why Signet Jewelers, Abercrombie & Fitch, and RH All Fell Double Digits Today