Shares of Oxford Industries dropped in after-hours trading following the company’s decision to lower its full-year forecast due to the impact of hurricanes Milton and Helene on its primary market, the Southeast U.S. The maker of popular clothing brands like Tommy Bahama and Lilly Pulitzer cited the severe weather conditions in the region as a key factor affecting its financial outlook.
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Why Did Firefly Aerospace Stock Drop Friday?
Firefly Aerospace (NASDAQ: FLY) debuted on the Nasdaq exchange on Thursday at $45, experiencing a significant rise of 34.1% to close at $60.35. However, on Friday, the company retained some gains but saw a notable decline from its initial surge. Want More Context? 🔎
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