Why American Eagle Outfitters Stock Just Dropped
Shares of teen clothier American Eagle Outfitters (NYSE:AEO) are dropping today, falling 4.4% through 10:15 a.m. EDT -- but to find out why this is happening, you need to go back to what happened on Friday. So what Specifically, you need to go back to Fridays report from SECform4.com, which noted that two days prior, on April 21, American Eagles president, Charles Kessler, sold 41,859 shares of his companys stock -- 42% of all the stock he owned -- for about $1.5 million. In fact, while Kessle...
Source: fool.com