Columbia Sportswear Stock Plunged despite Strong Results
Despite strong second-quarter results and a guidance update on July 26, Columbia Sportswear (COLM) stock plunged the next trading day. Its stock price fell as much as 11.2% on July 27 before finally closing at $85.38, ~7% below the previous day’s closing price. The company is now sitting at YTD (year-to-date) gains of 18.8%.