$CATO is one of biggest losers #stocks today. read more:

Cato Corporation (The) Class A (symbol: CATO) was one of the worst losers
of the trading day today (2016-07-07), losing -8.27%. The number of shares
that changed hands was 164,859, or about 1 times the average daily volume
in the stock.
The closing price was $35.06, amounting to a market cap of $950,410,000,
about -14.01% off the highest price in the last 12 months. The stock has
been trading at a range between $30.94 and $40.77.
CATO is in the Clothing/Shoe/Accessory Stores industry, part of the
Consumer Services sector.
Looking at its valuation, the stock is now trading at 13.67 times earnings.