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Abercrombie Stock
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About
History
Competitors
About
History
Competitors
Abercrombie & Fitch Co. (ANF.US), with a current market capitalization of $2.56 billion as of September 19, 2023, is an American lifestyle retailer known for its casual clothing and accessories. Founded in 1892 by David T. Abercrombie as an upscale sporting goods store in New York City, it later evolved into a clothing retailer. In 1904, Ezra Fitch joined the company, and it became Abercrombie & Fitch. The brand's iconic moose logo and focus on outdoor-inspired, preppy fashion contributed to its popularity.
It went public in 1996, trading on the New York Stock Exchange under the ticker symbol ANF. The company has a history of marketing its products with a youthful and aspirational image, primarily targeting the teenage and young adult demographic.
Abercrombie’s share price has experienced dramatic highs and lows within the past five years. It hit its lowest price point of $7.42 in April 2020. This was due to the COVID-19 pandemic, which caused significant disruptions to the global economy, including the retail sector. However, the share price hit its highest point of $55.52 in September 2023.
So, what are some trading strategies that traders could use when trading Abercrombie’s stock? One popular strategy is swing trading, where traders hold a position for a few days or weeks, looking to profit from short-term price fluctuations. Another strategy is copy trading, which involves copying the trades of more experienced traders. Position trading is also an option, where traders hold a position for longer periods, often months or even years, aiming to profit from long-term trends. In addition to these trading strategies, traders may also consider using technical analysis tools and indicators such as Fibonacci Retracements to analyze the stock.
As a trader, it is important to consider the performance of competitors in the industry before trading a particular stock. This is particularly true for Abercrombie, which operates in the highly competitive retail industry. Its competitors include but are not limited to:
- GAP Inc (GPS.US): Gap Inc. is an American multinational clothing and accessories retailer headquartered in San Francisco, California. It was founded in 1969 by Donald Fisher and Doris F. Fisher. Gap is known for its clothing, footwear, and accessories for men, women, and children under various brand names, including Gap, Old Navy, Banana Republic, Athleta, and Intermix.
- H&M (HMB.SE): Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational clothing retail company headquartered in Stockholm, Sweden. Founded in 1947 by Erling Persson, H&M has grown into one of the world's largest fashion retailers, known for its affordable and trendy clothing and accessories.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.
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