On Monday this week, footwear owner Caleres Inc. (NYSE:CAL) released its Q1 financial report and Caleres stock dropped. The St. Louis-based firm reported better-than-expected first-quarter sales but warned of slow days ahead for its ‘Famous Footwear’ retailer.
The warning sent Caleres stock down more than 3%. The next day told a different story, however, as shares bounced back and hit a high of $20.75 in early trade.
Prices have corrected once again and currently, CAL stock is trading for $19.79 USD, up 2% on the NASDAQ.
Caleres StockWith a market cap ...
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