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Updated · MarketWatch · May 8Deckers Outdoor shares slide 2.24% and underperform competitors
10 articles · Updated · MarketWatch · May 8
- The stock closed at $100.42 on Friday, its second straight daily loss, while the S&P 500 rose 0.84% and the Dow added 0.02%.
- Deckers lagged peers as Nike fell 0.61%, while Under Armour's Class C and Class A shares rose 0.48% and 0.63%, respectively.
- Shares finished 24.74% below their 52-week high of $133.43 reached on May 12, with trading volume of 1.8 million below the 50-day average.
Deckers beat earnings but its stock tanked. Is Wall Street missing the bigger picture? Can the HOKA running brand outrun new threats from Nike and the rise of weight-loss drugs?