Why Five Below Stock Got Socked Today
Teen- and "tween"-focused discount retailer Five Below (NASDAQ: FIVE) saw its stock head south on Friday after a researcher downgraded its recommendation on the company. While this didn't exactly tank the stock, it did leave it with a 2.5% decline on the last trading session of the week. By contrast, the benchmark S&P 500 index suffered only a mild fall with a 0.4% slide on the day. That researcher, CFRA, changed its recommendation to hold from buy, tagging Five Below with a price target of $108. Image source: Getty Images.Continue reading
Teen- and "tween"-focused discount retailer Five Below (NASDAQ: FIVE) saw its stock head south on Friday after a researcher downgraded its recommendation on the company. While this didn't exactly tank the stock, it did leave it with a 2.5% decline on the last trading session of the week. By contrast, the benchmark S&P 500 index suffered only a mild fall with a 0.4% slide on the day.
That researcher, CFRA, changed its recommendation to hold from buy, tagging Five Below with a price target of $108.
Image source: Getty Images.
