Why These 5 Stocks Are Moving on Monday

4. Ralph Lauren Corporation (NYSE:RL) has lost 9.4% of its value in trading today after the New York-based company was downgraded from an Outperform to a Neutral rating by Tom Nikic at Wedbush. The analyst downgraded Ralph Lauren Corporation (NYSE:RL) stock due to higher exposure to the European market. Before the start of the COVID-19 pandemic, the European business of Ralph Lauren compounded by an average of 3% annually between 2016 and 2019. However, the size of the remaining business shrunk by an average of 5% annually during the same period. Last week, Ralph Lauren Corporation (NYSE:RL) was in the limelight after its Chief Commercial Officer Howard Smith was forced to resign due to personal conduct allegations. At the end of Q4 2021, 24 hedge funds reported owning a stake in Ralph Lauren Corporation (NYSE:RL), down from 25 in the third quarter.