What's Going On With V.F. Corporation Stock?

V.F. Corporation VFC shares are trading higher on Thursday. The stock is rebounding following its recent post-earnings slide.
 

What To Know: V.F. Corporation stock has fallen over 27% in the past five days due to mixed second-quarter results, reported on Monday. The company posted quarterly earnings of 63 cents per share, below the analyst consensus estimate of 66 cents. Sales clocked in at $3.03 billion which beat the analyst consensus estimate of $3.02 billion. It is also noteworthy that the company reduced Free Cash Flow for the full-year 2024 to approximately $600 million, versus the previous guidance of approximately $900 million.

V.F. Corporation stock broke the losing streak on Thursday, rising over 11% on heavy volume. According to data from Benzinga Pro, the stock experienced above-average trading volume of 12 million shares compared to its average volume of 8.40 million.

However, the spike in price may be related to elevated levels of short interest, with 8.36% of shares currently sold short.

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VFC Price Action: Shares of VFC were up 11.5% at $14.61 at the time of publication, according to Benzinga Pro.

Image by Ranjat M from Pixabay