La-Z-Boy Shares Plummet to New Low Ahead of Critical Earnings Report

La-Z-Boy Incorporated (LZB) continues its downward trajectory, hitting a fresh 52-week low as investors brace for the company’s upcoming quarterly results. The furniture manufacturer’s stock price has been in a sustained decline, creating significant pressure ahead of its November 18 earnings release.

Trading at $31.45 as of November 3, La-Z-Boy shares registered a 0.79% single-day decline, extending a concerning pattern that has seen the stock lose 35% from its 52-week peak of $48.30. The selling pressure has remained consistent across four consecutive trading sessions, with broader performance metrics painting a bleak picture:

• Down 8.58% over the past 30 days
• Year-to-date decline of 27.18%
• Twelve-month performance showing an 18.79% decrease

The Read more...