It’s been a little over a month since Children’s Place (PLCE) announced on Feb. 16 that it obtained $130 million in much-needed debt financing. A week earlier, it reported preliminary unaudited results for Q4 2023. They were not impressive. Its shares fell by 52% in a single day.
Due to the massive correction in its share price, Children’s Place was on Barchart.com’s Bottom 100 Stocks to Buy list on Tuesday with a weighted alpha of -74.40, putting it in the 89th spot. This is not a list you want to make.
