Five Below Stock Down 58% From its 52-Week High: Buy or Sell FIVE?

Shares of Five Below, Inc. (FIVE) closed at $89.75 yesterday, down 58.5% from its 52-week high of$ 216.18 reached in early January 2024. The stock's dramatic fall suggests potential underlying issues, raising concerns about its long-term growth. Investors are left wondering, should they hold on in hopes of a turnaround or is it time to sell and move on? Let's delve deeper. Five Below stock has fallen below its critical technical thresholds, including the company's 200-day moving average of $139.86. The movi ...