"Apparel retailer American Eagle Outfitters ( NYSE:AEO) garnered some criticism earlier this year, and AEO stockholders have been on a roller-coaster ride. Yet, the company's loyal investors might choose to stay the course in anticipation of a share-price rebound. Along with all of that, it appears that American Eagle Outfitters stock got caught up in the summertime meme-stock frenzy. Consequently, a return to $25 looks like a real possibility."
"Incredibly, American Eagle Outfitters stock went up to $37 in 2021, down to $10 in 2022, then up to $25 in 2023 and back down to $10 in 2024. Yet, there was hope for a return to $25 or higher when AOE stock was apparently swept up in the recent meme-stock trend; this phenomenon also included the stocks of GoPro ( NASDAQ:GPRO), Opendoor Technologies ( NASDAQ:OPEN), Krispy Kreme ( NASDAQ:DNUT), and Kohl's ( NYSE:KSS)."
Apparel retailer American Eagle Outfitters faced criticism earlier in the year and experienced sharp share-price fluctuations. AEO stock rose to $37 in 2021, fell to $10 in 2022, climbed to $25 in 2023, and returned to $10 in 2024. The stock was swept up in a summertime meme-stock frenzy that lifted it back toward $18 and revived hopes for a return to $25. Meme-driven rallies can produce rapid gains but often lack longevity. Investors holding AEO should expect swift price moves in either direction and should evaluate company fundamentals rather than relying solely on momentum or trading trends.
Read at 24/7 Wall St.
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