Why Levi Strauss Stock Dropped 13% in February
Fears of a global epidemic related to COVID-19 sent the broader market down last month, with companies that do business in China getting hit particularly hard. There have been more than 80,000 cases reported in China and more than 100,000 worldwide, and that could negatively impact the classic jeans brand.
Shares of Levi Strauss (NYSE: LEVI) dropped 13.5% last month, according to data provided by S&P Global Market Intelligence.
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Source Fool.com
