Revenue Miss Points Levi Stock on Toward Worst Day Ever

LEVI was last seen down 16.5% to trade at $19.30, breaching long-term support from its 30-day moving average. The security earlier gapped to its lowest level since April, and is pulling back from a June 6, two-year peak of $24.34 as it heads for its worst single-day percentage loss on record. The shares are still up 18.1% in 2024, however. Drilling down to today's options activity, 9,869 calls and 11,000 puts have already crossed the tape, which is a whopping 24 times the volume that is typically seen at th ...