Oxford Industries (OXM) Plunges 5.78% on Powell's Remarks

Oxford Industries (OXM) shares plummeted 5.78% intraday, marking its lowest level since November 2020. The stock has been on a downward spiral for five consecutive days, with a total decline of 19.98% over the past week.

Federal Reserve Chair Jerome Powell's cautious remarks on future monetary policy decisions have sent ripples through the market, causing a number of stocks, including Oxford Industries, to fall during the afternoon session. Powell's comments have raised concerns about the potential impact on economic growth and corporate earnings, leading to a sell-off in the market.

Additionally, Oxford Industries is set to go ex-dividend on April 17th, 2025. This event could further influence the stock price as investors adjust their positions in anticipation of the dividend payment. The ex-dividend date is a critical milestone for investors, as it marks the last day on which the dividend is owed to the current shareholder. Investors who purchase the stock after this date will not be entitled to the upcoming dividend payment.