L Brands Inc (LTD): Today's Featured Retail Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.L Brands (LTD) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.2%. By the end of trading, L Brands fell $1.25 (-2.1%) to $58.60 on average volume. Throughout the day, 3,641,260 shares of L Brands exchanged hands as compared to its average daily volume of 2,465,800 shares. The stock ranged in price between $57.01-$59.97 after having opened the day at $59.51 as compared to the previous trading day's close of $59.85. Other companies within the Retail industry that declined today were: Abercrombie & Fitch Company (ANF), down 17.7%, ValueVision Media (VVTV), down 15.4%, Bon-Ton Stores (BONT), down 11.9% and China Jo-Jo Drugstores (CJJD), down 10.7%.
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