U.S. Movers: Abercrombie & Fitch, American Eagle, Howard Hughes Holdings, Moderna

Scott Peters
13 Jan, 2025
New York City

Abercrombie & Fitch jumped 8% to $147.99 despite the apparel retailer revising its holiday sales outlook slightly higher.

The retailer estimated holiday quarter sales to increase between 7% and 8%, compared to the previous estimate between 5% and 7%, but significantly lower than 21% from a year ago. 

Lululemon Athletica increased 1.9% to $403.29 after the specialty apparel retailer lifted its fourth quarter sales outlook. 

The company now estimated sales to increase between 11% and 12% to between $3.56 billion and $3.58 billion, higher than the previous range between $3.48 billion and $3.51 billion. 

The company is now forecasting its earnings per share to range between $5.81 and $5.85 compared to the previous estimate between $5.56 and $5.64. 

American Eagle Outfitters decreased 3.5% to $15.68 despite the retailer raising its fourth quarter outlook. 

The company said comparable sales in the quarter ending on January 4 were up in low single digits compared to the previous estimate of a 1% increase. 

The company also estimated fourth quarter operating profit of $135 million compared to the previous estimate of $125 million. 

Howard Hughes Holdings soared 7.8% to $78.36 after Bill Ackman controlled Pershing Square offered to acquire the residential real estate company for $85 a share. 

Moderna Inc. declined 20% to $33.72 after the biotech company lowered its 2025 revenue range to between $1.5 billion and $2.5 billion, a decrease of $1 billion from the previous estimate as the company continues its operating costs. 

The revised outlook is lower than the previous outlook between $2.5 billion and $3.5 billion issued in September.