Deckers Outdoor stock slides 1.15% in grim market session
Updated
Updated · MarketWatch · May 7
Deckers Outdoor stock slides 1.15% in grim market session
13 articles · Updated · MarketWatch · May 7
Shares closed at $102.72 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
The decline ended a two-day winning streak and left the stock 23.02% below its 52-week high of $133.43 reached on May 12.
Deckers underperformed Nike, whose shares rose 1.21%, while both Under Armour share classes fell; trading volume of 1.8 million was below the 50-day average of 1.9 million.
With soaring profits and a falling stock, is Deckers a prime buying opportunity or a sign of looming trouble?
Deckers' stock fell despite record profits. Is its star brand HOKA about to face its biggest challenge yet?