Abercrombie & Fitch and 2 Stocks Leading the S&P 500 Lower
The S&P 500 (NYSEARCA:SPY) is down today by 0.9% and stands at 1,246. Here are three notable and stocks that are experiencing large declines today.
Abercrombie and Fitch (NYSE:ANF): Bernanke’s quantitative easing has caused the increase in the price of everything: food, energy and clothing. This has contributed to a lot of things, the Arab Spring being the most prominent. It has now affected the margins of this hipster giant. The shares recently traded at $48.58, down $7.12, or 12.78%. They have traded in a 52-week range of $45.72 to $78.25. Volume today was 20,209,473 shares versus a 3-month average volume of 2,950,820 shares. The company’s trailing P/E is 22.05, while trailing earnings are $2.20 per share.
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CME Group (NASDAQ:CME): Tough day for this company. The stock is worth half of what it was in late 2008. The shares recently traded at $241.17, down $16.34, or 6.35%. They have traded in a 52-week range of $236.50 to $328.00. Volume today was 1,225,509 shares versus a 3-month average volume of 642,980 shares. The company’s trailing P/E is 12.78, while trailing earnings are $18.86 per share.
Netflix (NASDAQ:NFLX): The Quickster debacle has probably deterred millions from being customers in the long haul. Moreover, Netflix took too long before it provided its DVD selection online. On a positive note, Netflix has made a lot of content deals. The shares recently traded at $82.02, down $4.26, or 4.94%. They have traded in a 52-week range of $74.25 to $304.79. Volume today was 3,768,920 shares versus a 3-month average volume of 9,207,840 shares. The company’s trailing P/E is 18.64, while trailing earnings are $4.40 per share.