Don't Fall for Urban Myths
Putting the hip Urban Outfitters (URBN) in the same sentence with conservative Gap (GPS) stores would send a mixed message. In this case, though, the "Gap" to which I'm referring is a share plunge that took place on Jan. 11 -- Urban Outfitters' shares dropped from more than $30 to $23.42.
There was no earnings report or even same store-sales data released that morning. This was the story that sent the shares reeling....253 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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