By  on May 23, 2014

Shares of troubled teen specialty retailer Aéropostale Inc. shed more than one-fifth of their value in morning trading Friday as investors fled the stock following a larger-than-expected first-quarter loss and weak second-quarter guidance after the markets closed Thursday.

The stock closed out the morning at $3.45, down $1.07 or 23.7 percent, after hitting a 52-week low of $3.37, their lowest mark in more than 10 years. Shares hit their 52-week high of $16.82 exactly one year ago.

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