Five Below (NASDAQ:FIVE) shares are getting hit hard Thursday, extending Wednesday’s post-earnings slide as investors rotate out despite one of the discount retailer’s strongest quarters on record.

FIVE stock is slipping. Watch the price action here. 

FIVE was trading at $194.08 Thursday afternoon, down 12.93%, according to data from Benzinga Pro.  

Shares opened at $197.47 and touched an intraday low of $191.17, while volume of 2.8 million shares reflects heavy selling pressure. The two-day combined loss now totals roughly 19%. 

The selloff comes despite what Loop Capital’s Anthony Chukumba pegged as a beat and raise quarter that “blew the proverbial doors off.” 

Read Also:

Robinhood, Webull, Interactive Brokers Set To Gain As PDT Rule Dies Today

Five Below posted Q1 revenue of $1.29 billion, well ahead of the $1.22 billion consensus, while adjusted EPS of ...