ASNA stock took a dive again as Ascena Retail Group (NASDAQ:ASNA), apparel retailer, continues to struggle. Although there was no company-specific bad news that could have led to the drop in stock price, it dipped nonetheless, likely due to industry concerns. ASNA stock has fallen over 18% in the past week.
Industry ConcernsThe decline in ASNA stock has to be associated with various factors that might be affecting the industry in general. To begin with, oil prices have increased tremendously, hitting a six-month high with a gallon of gasoline reaching $2.84, up from around $2.61 ...
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