3 Apparel Stocks See Sharp Drop In Momentum Rankings This Week

Core Insights - Three apparel stocks have shown significant deterioration in momentum this week, indicating a shift in investor sentiment and market trends [1][3]. Company Summaries - Allbirds Inc. (NASDAQ:BIRD): The momentum percentile dropped from 50.12 to 34.19, a decline of 15.93 points. Despite a year-to-date increase of 92.37% and an 82.61% rise over the past year, the stock exhibits a weaker price trend across all time frames and holds a poor growth ranking [6]. - Neo-Concept International Group Holdings Ltd. (NASDAQ:NCI): The momentum percentile fell from 14.63 to 10.34, a decrease of 4.29 points. The stock is down 36.50% year-to-date and 28.11% over the past year, showing a stronger short-term price trend but weaker medium and long-term trends [7]. - Shoe Carnival Inc. (NASDAQ:SCVL): The momentum score decreased from 11.62 to 11.07, a drop of 0.55 points. The stock has declined 36.95% year-to-date and 47.77% over the past year, with weaker price trends across all time frames and a moderate growth ranking [7].