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Stock impact report

Why Is Victoria's Secret (VSCO) Stock Rocketing Higher Today [Yahoo! Finance]

Victorias Secret & Co. (VSCO) 
Company Research Source: Yahoo! Finance
Is now the time to buy Victoria's Secret? Access our full analysis report here, it's free What is the market telling us: Victoria's Secret's shares are quite volatile and over the last year have had 46 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 19 days ago, when the stock dropped 7.2% on the news that the company reported second-quarter earnings results. Its earnings forecast for next quarter missed analysts' expectations, and its gross margin missed Wall Street's estimates. On the other hand, VSCO slightly beat analysts' revenue guidance expectations. Overall, this quarter was a mixed but weaker quarter. Victoria's Secret is down 7.3% since the beginning of the year, and at $25.10 per share it is trading 17.7% below its 52-week high of $30.50 from February 2024. Investors who bought $1, Show less Read more
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