10 Stocks Trade Weaker on Disappointing News

6. VF Corporation (NYSE:VFC)

VF Corp. declined by 6.96 percent to finish at $19.13 apiece as investors soured on the lack of clear guidance on its sales outlook during its recently concluded investor day.

Instead, investors focused on the potential risks that it could face from the ongoing trade war among the US, Canada, China, and Mexico, where it houses various facilities.

During the investor day, VFC noted key achievements over the past 18 months, including cost reduction, lower net debt, improved business performance in the Americas, and an advanced Vans brand turnaround.

“As part of our completely reset leadership team, our new brand presidents are perfectly placed to leverage their rich experience in the areas of product and marketing to grow our brands,” said VFC President and CEO Bracken Darrell.

Darrell said VFC would adopt ‘The VF Way’ in the firm’s next transformation plan, which aims to empower brands by enhancing creativity and building functional excellence to fuel long-term growth.