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Fly News Breaks for May 31, 2019
ANF
May 31, 2019 | 13:25 EDT
As previously reported, Argus analyst Deborah Ciervo downgraded Abercrombie & Fitch to Hold from Buy as she believes the company's decelerating comp growth, increased promotions and weaker tourist and traffic trends leave it with an uncertain path to sales and earnings growth. Ongoing tariff threats pose an added risk the company's turnaround, said the analyst.
News For ANF From the Last 2 Days
ANF
Apr 26, 2024 | 12:05 EDT
Bullish option flow detected in Abercrombie & Fitch with 2,715 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 57.10%. 4/26 weekly 103 calls and 5/3 weekly 103 calls are the most active options, with total volume in those strikes near 800 contracts. The Put/Call Ratio is 0.52. Earnings are expected on May 29th.