Zale Stock Drops Like a Stone - TheStreet

NEW YORK (

TheStreet

) --

Zale's

(ZLC)

stock is plunging after the jeweler revealed disappointing November same-store sales after the close on Friday.

The company said monthly comparable sales tanked 18.6%, and on Monday was downgraded by Soleil to sell from hold.

Shares are plummeting 22% to $3.89 in afternoon trading. In the most recent 52-week period, Zale has been trading between 89 cents and $8.51.

-- Reported by Jeanine Poggi in New York.

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