Levi Strauss shares dropped to $22.90 despite the company posting improved second-quarter sales figures. The market reaction suggests skepticism regarding the firm’s revised projections for the remainder of the year.
Contrasting the retail slump, Republic Power Group surged 26% to $2.25 after confirming it regained compliance with Nasdaq’s minimum bid price requirement. Industrial players also outperformed: AZZ shares climbed 8.6% to $155.98 following an upward revision to its full-year revenue and earnings forecast. Meanwhile, Ampco-Pittsburgh recorded a 15% gain to $8.22, buoyed by a 32% increase in customer order activity reported for the first half of 2024.
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