Up 17% ($7.00) in two weeks. Propaganda and fund manipulation
There is no good news here. No REAL good news. Sales are hurting from the bad name Abercrombie has from its CEO antics and Tay Swift and everything else they have done wrong. The style people say that ANF is missing the boat with the new summer styles. ANF is not cool anymore. Inventory problems....management issues......outrageous salaries, smelly and loud stores with old inventory. And the only positive thing is that they are expanding to Mexico???? Are you serious? ANF has moved 7 dollars or 17% in two weeks. This is not normal and it is totally not justified. Granted the analyst are pushing it because there are so many institutions holding this stock.....But it is really a bad company in this space. Abercrombie stock is just like it's arrogant t shirts.....just not cool anymore. Ignore the hype and the pumping by the analyst that are holding this bag.....ANF is not doing well.