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Aug. 3, 2021, 12:14 p.m. EDT

Newly-separated Victoria's Secret soars more than 26% on first trading day

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By Tonya Garcia

Victoria's Secret & Co. /zigman2/quotes/228075478/composite VSCO +0.75% shares soared 26.3% on the company's first day trading on its new ticker, with the stock at $58.79 by midday on Tuesday. The L Brands Inc. separation of Victoria's Secret and Bath & Body Works Inc. /zigman2/quotes/202062875/composite BBWI -0.26% is complete, with Bath & Body Works stock tumbling 2.5% on Tuesday, trading at $63.02. Victoria's Secret, which is undergoing a turnaround to focus on women's empowerment and diversity, says it sees opportunity in areas like maternity and in locations outside of traditional malls. The SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT +0.14% has rallied 48% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.91% is up 16.8% for the period.

/zigman2/quotes/228075478/composite
US : U.S.: NYSE
$ 61.82
+0.46 +0.75%
Volume: 3.92M
Sept. 17, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.46 billion
Rev. per Employee
N/A
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/zigman2/quotes/202062875/composite
US : U.S.: NYSE
$ 66.34
-0.17 -0.26%
Volume: 6.16M
Sept. 17, 2021 4:05p
P/E Ratio
10.19
Dividend Yield
0.90%
Market Cap
$17.54 billion
Rev. per Employee
$128,353
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/zigman2/quotes/206947004/composite
US : U.S.: NYSE Arca
$ 94.19
+0.13 +0.14%
Volume: 2.47M
Sept. 17, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,432.99
-40.76 -0.91%
Volume: 3.79B
Sept. 17, 2021 5:25p
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