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Dr. Martens Shares Post Their Largest Daily Fall in Six Months

Dr. Martens shares fell 14.67% to 54.1p in London on Thursday, their steepest one-day drop in six months, leaving the footwear group at a 52-week low on heavy trading.

Dr. Martens (LSE: DOCS), the footwear group, closed down 14.67% at 54.1p on Thursday, its largest daily fall in six months. The shares traded between 52.1p and 61.4p during the session, and the fall came on results day.

The close is a 52-week low, and the shares are now down 26.9% since the start of the year. Trading ran at about 11.5 times the 20-day average volume.

Line chart of Dr. Martens' share price over a month, dropping sharply on the final session
Dr. Martens’ daily closes over the month to Thursday, with the drop on Thursday marked.

How unusual this is

Thursday’s fall is the largest of the past 126 sessions, roughly six months of trading. Set against every daily change in that period, it stands well apart from the rest.

Chart of six months of daily changes in Dr. Martens shares, with the Thursday fall the largest
Thursday’s fall set against six months of daily moves in Dr. Martens shares.
DOCS.LSE

What was behind it

Dr. Martens reported its first-half results on Thursday, the day of the fall. Coverage on the day linked the drop to results that fell short of expectations.

Asktraders News Team
Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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