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Abercrombie & Fitch Posting Significant Gain In Afternoon Trading

Shares of Abercrombie & Fitch (ANF) have shown a significant move to the upside during trading on Wednesday, surging up by 11.7 percent. With the upward move, Abercrombie & Fitch has reached its best intraday level in well over a year.

The rally by Abercrombie & Fitch comes after the apparel retailer reported fourth quarter results that beat analyst estimates on both the top and bottom lines.

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