AEO Stock Drops 7% in a Month: Is This an Opportune Time to Buy?

American Eagle Outfitters Inc. (AEO) stock has seen a downward movement since reporting its second-quarter fiscal 2024 results on Aug. 29. Although the company reported a strong quarter overall, lower-than-expected revenues disappointed investors. As a result, shares of this leading apparel retailer fell 7.2% in the past month, which was better than the industry’s decline of 18.8%.The AEO stock’s current price of $19.89 reflects a 38.1% premium to its 52-week low of $14.40. This price reflects a 24.8% disco ...