Abercrombie Up and Peloton Down

By Staff Reporters

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Abercrombie’s stock popped like its collars. Abercrombie & Fitch’s 21st-century reinvention keeps picking up steam. Shares shot up 24% after the clothing retailer reported monster sales for Q2 and its CEO asserted, “We are no longer a jeans and T-shirt brand. We certainly are a lifestyle brand today.”

On the other hand, Peloton, continued its spiral into a financial black hole after losing 29,000 subscribers last quarter. At Peloton’s peak, its share price was more than $167—yesterday, its stock sank to an all-time low of $5.41.

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