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Why Urban Outfitters (URBN) Stock Is Down 20% This Week
After another 7% drop today, Urban Outfitters (URBN) stock has now dropped nearly 20% in the last two days.
Urban Outfitters Inc. (Nasdaq: URBN) shares fell to a 52-week low of $19.26 Tuesday morning following head-scratching news from the specialty retailer. Urban Outfitters announced Monday it has acquired Philadelphia's Vetri Family group of restaurants, including the Pizzeria Vetri chain.
After another 7% drop today, Urban Outfitters (URBN) stock has now dropped nearly 20% in the last two days.
Urban Outfitters Inc. (Nasdaq: URBN) shares fell to a 52-week low of $19.26 Tuesday morning following head-scratching news from the specialty retailer. Urban Outfitters announced Monday it has acquired Philadelphia's Vetri Family group of restaurants, including the Pizzeria Vetri chain.