Trading on Torrid Holdings (NYSE: CURV) hit a tumultuous high on Tuesday as the Nasdaq paused trading three times, citing volatility. The stock experienced a stark 24.4% plunge at 1:37 p.m. following a staggering initial drop of over 40% earlier in the day. This abrupt downturn occurred without any public statements or filings from the company to explain the sudden sell-off.
With an astonishing volume of trading activity edging 4 times higher than the usual daily average, the market buzzed with fervor throughout the trading day. Torrid Holdings (CURV) swiftly wiped away more than four months of gradual gains in a dizzying spiral downwards.
As the dust settles from today’s tumultuous trading session, Torrid Holdings (CURV) gears up to unveil its FQ2 earnings in the upcoming weeks of September. Analysts keenly await the financial disclosure, predicting revenue to hit $282.9 million with an anticipated EPS of $0.07. The company has a track record of surpassing EPS predictions in its recent quarterly reports, adding an element of intrigue to the forthcoming announcement.