Why Ralph Lauren Shares Dropped Today
Shares of Ralph Lauren (NYSE: RL) were slipping as coronavirus fears spooked investors in the luxury brand and in the broader market. As of 1:41 p.m. EST, the stock was down 6.4%.
Stocks were down widely today as panic over coronavirus swept the market. Infection cases in countries like Italy, South Korea, Israel, and Iran soared over the weekend, making it clear that the disease, officially called COVID-19, has become a global epidemic, not just one restricted to China.
Image source: Ralph Lauren.
Source Fool.com
