Market Activity
Chico’s FAS (CHS), Hormel Foods (HRL), Moderna (MRNA), Analog Devices (ADI) Stocks Lost Amid Surge In Stock Markets
Chico’s FAS Inc. (CHS) declined by -10 percent on Tuesday. The apparel retailer posted solid third quarter sales growth of 14.8 percent compared to the previous quarter, and an expanding gross margin of 740 basis points. The year-on-year digital growth was 67 percent. Best Buy Co. Inc (BBY) dropped -6.96 percent on Tuesday as the largest US retailer of consumer electronics posted adjusted earnings per share of $2.06 in the third quarter compared to a consensus of $1.73. Quarterly sales totaled $11.85 billion, compared to a forecast of $11 billion. Like-for-like growth was 23%. Online domestic like-for-like sales jumped 174%.
