American Eagle Kids come up short

American Eagle has announced that they will be holding an analyst meeting on Wednesday to discuss the future of their 77Kids division. With a $40 million dolllar loss posting from last year, the kids’ division is coming up short. Now, it has not been decided as to whether or not they will be selling all or part of the division, and no details have been released as to interested parties. But, in the midst of this breaking news, CFO Joan Hilson will be stepping down come July. American Eagle Outfitters share prices have moved between a 52-week high of $21.13 and a 52-week low of $10.00 and closed yesterday at 84% above that low price at $18.40 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.2%.We will continue to monitor this recent development here at the Financial News Network and keeping you posted, I’m Geoffrey Parrish.