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Why Revolve Group Stock Just Dropped 12.5%

TheMotleyFool

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Why Revolve Group Stock Just Dropped 12.5%Photo, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

Revolve Group (NYSE: RVLV) stock is in freefall today -- but the selling actually started yesterday.

Shares of the online fashion retailer are down 12.5% as of 1:10 p.m. EDT Friday after TheFly.com reported the sale of a 4 million-share "block" of Revolve stock last night. According to the market watcher, someone offered to sell the shares at any price ranging from $19.50 to $19.70 -- and the shares ultimately did sell this morning for $19.50.

Image source: Getty Images.

Source Fool.com

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