By  on February 2, 2018

Shares of Guess Inc. stabilized Friday after dropping sharply in the wake of model Kate Upton’s #metoo allegations against Paul Marciano — allegations the executive chairman and chief creative officer firmly denies.

After falling 17.7 percent on Thursday, Guess shares rose modestly in morning trading, before a broad selloff on Wall Street pulled the stock back down. Guess ended down 3.4 percent to $14.60 as the Dow Jones Industrial Average dropped 665.75 points, or 2.5 percent, to 25,520.96.

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