🔴 VSXY is trading 4.3% down today as its post-earnings and rebranding rally cools off

VSXY is trading 4.3% down at $79.92 as its powerful post-earnings and rebranding rally continues to cool off following a sharp June surge.

• The stock previously jumped nearly 48% following a blowout Q1 earnings beat, raised full-year guidance, and a ticker symbol change from VSCO to VSXY.
• Market analysts view the recent weakness as normal consolidation and profit-taking rather than a result of new negative company-specific news.