Children’s Place (PLCE) stock price has imploded: is it a bargain?
Children’s Place (NASDAQ: PLCE) stock price continued crashing this week, moving to a low of $6.72, its lowest point since 1998. This is a sharp collapse for a company that was trading at $155.20 in October 2022. A $10,000 investment during its peak price would now be worth about $430. Short sellers have prevailedThe Children’s Place has become one of the worst-performing companies in Wall Street this year. Its stock has plunged by more than 71% this year and by over 77% in the past 12 months. This sell-off intensified after the company warned that it would delay publishing its annual report, ...