PVH Stock Plunges After Luxury Apparel Maker Issues Soft Outlook—Key Level to Watch

Key TakeawaysPVH shares were more than 20% lower in premarket trading Tuesday after the company issued soft current-quarter and full-year outlooks, citing cautious wholesale customers and challenging macroeconomic conditions in its European business.North American sales were weighed down by a cumulative 2% decline in the company’s Tommy Hilfiger and Calvin Klein businesses in the fourth quarter.Monitor if the PVH share price can hold above a multi-month uptrend line, currently sitting around $104. PVH (PVH) ...