What Happened to Birkenstock (BIRK) This Year?
It may be comfortable to walk around in the company's sandals, but shares of Birkenstock (NYSE: BIRK) have given investors an uncomfortable up-and-down ride over the past year. As of this writing, the stock is down about 8% over the last 12 months. But it's been up as much as 15% from its price one year ago. And it's been down as much as 34% from its 52-week highs.
Sentiment is one of the strongest drivers of a stock's price over the short term. And one year is indeed a short time period when it comes to investing. When it comes to Birkenstock, the sentiment has certainly oscillated up and down for a variety of reasons.
The biggest single-day drop for Birkenstock stock came way back in last August, after it announced results for its fiscal 2024's third quarter. At the time, it reported Q3 revenue growth of 19%, which is good. But investors expected better. And they haven't liked how its growth rate has steadily dropped over the last few years, as the chart shows.
Source Fool.com
