2 Retail Stocks Gapping Lower After Earnings

Group 1: Abercrombie & Fitch Co (ANF) - ANF shares fell 14.8% to $141.96, marking its worst day since May 2022, despite beating earnings estimates and raising its current-quarter outlook [1] - The stock is trading below its 40-day moving average after failing to break through the $175 level, although it still shows a 179.3% year-over-year gain [1] Group 2: Foot Locker Inc (FL) - FL shares dropped 15.8% to $27.63, contributing to a 10% decline in 2024, and are now below the 20-day moving average [1] - This decline represents FL's worst single-day percentage loss since March [1] Group 3: Options Activity - ANF's options volume is 11 times the intraday average, with significant activity in the weekly 8/30 145-strike call [2] - FL's options volume is 26 times the intraday average, with the weekly 8/30 33-strike call being the most popular [2]