Cato Corporation shares fall 1.15% intraday after Israel's Cato Networks acquires Aim Security, raising $50 million.

The Cato Corporation's stock price decreased by 1.15% during intraday trading. This decline occurred as Israel's Cato Networks announced the acquisition of Aim Security and raised an additional $50 million in funding. This news event is likely to have a positive impact on the company's future prospects, but the stock price movement suggests that investors may be reacting to other factors or concerns.