Five Below Trading Volume Surges to $649 Million, Stock Price Drops 27.81% to 214th Position

On April 3, 2025, Five Below (FIVE) saw a significant increase in trading volume, with a turnover of $649 million, marking a 203.39% rise from the previous day. This surge placed Five Below at the 214th position in terms of trading volume for the day. However, the stock price of Five Below experienced a notable decline, dropping by 27.81%.

The decline in Five Below's stock price can be attributed to the announcement by President Trump regarding "reciprocal tariffs" on all US imports. This news led to a sharp drop in the stock price, with shares falling by nearly 29% in the morning session. The company had previously announced strategies to mitigate the impact of tariffs, but the market reaction suggests that investors remain concerned about the potential effects on the business.

Analysts at Evercore ISI lowered their price target for Five Below from $93.00 to $90.00, maintaining an "in-line" rating on the stock. This adjustment reflects the market's concerns about the company's ability to navigate the challenges posed by the new tariffs. Despite the recent decline, some analysts believe that Five Below is trading at rock-bottom prices and may see a full reversal later in the year.

Technical indicators also suggest that Five Below's stock may be oversold. A stock is considered oversold if the Relative Strength Index (RSI) reading falls below 30. On Thursday, Five Below's RSI reading entered into oversold territory, which could indicate a potential rebound in the near future. However, investors should remain cautious and monitor the company's performance closely in the coming weeks.