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Levi Strauss Stock Is Falling, but Wall Street Remains Upbeat After Earnings Report

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Levi Strauss & Co. stock was down more than 6% on Wednesday following the denim maker’s third-quarter earnings report, reversing previous gains.

The back story. Levi (ticker: LEVI) went public in March at $17. The shares have traded as high as $24.50 since, but aren’t far above their IPO price today. The company’s earnings report in July also caused the stock to drop.